This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $102k initial cash invested.
-8.59%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$3,128
Rent
-$730
Cashflow
Cash Flow
$3,128 income − $3,858 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,128
Total Expenses
$3,858
Mortgage P&I
71%
$2,217
Property Taxes
14%
$438
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344