This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $102k initial cash invested.
-3.12%
Cash On Cash
6.34%
Cap Rate
0.94
DSCR
$3,492
Rent
-$265
Cashflow
Cash Flow
$3,492 income − $3,757 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,492
Total Expenses
$3,757
Mortgage P&I
64%
$2,237
Property Taxes
6%
$192
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384