This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $102k initial cash invested.
-4.67%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$3,396
Rent
-$397
Cashflow
Cash Flow
$3,396 income − $3,793 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$3,793
Mortgage P&I
64%
$2,176
Property Taxes
9%
$321
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374