This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $102k initial cash invested.
-6.77%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$2,823
Rent
-$575
Cashflow
Cash Flow
$2,823 income − $3,398 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,823
Total Expenses
$3,398
Mortgage P&I
72%
$2,046
Property Taxes
9%
$251
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311