This property looks like a bad Mid-Term investment with a projected -15.56% first-year return on $102k initial cash invested.
-15.56%
Cash On Cash
2.63%
Cap Rate
0.41
DSCR
$1,544
Rent
-$1,321
Cashflow
Cash Flow
$1,544 income − $2,865 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,544
Total Expenses
$2,865
Mortgage P&I
138%
$2,134
Property Taxes
4%
$66
Home Insurance
9%
$140
HOA
0%
$0
Property Management
12%
$185
CapEx
4%
$62
Vacancy
3%
$46
Maintenance
4%
$62
Other
11%
$170