This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $102k initial cash invested.
-9.76%
Cash On Cash
4.04%
Cap Rate
0.65
DSCR
$2,548
Rent
-$830
Cashflow
Cash Flow
$2,548 income − $3,378 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,548
Total Expenses
$3,378
Mortgage P&I
81%
$2,073
Property Taxes
12%
$299
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280