This property looks like a bad Mid-Term investment with a projected -8.41% first-year return on $102k initial cash invested.
-8.41%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$3,524
Rent
-$715
Cashflow
Cash Flow
$3,524 income − $4,239 expenses = $715 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$4,239
Mortgage P&I
63%
$2,216
Property Taxes
19%
$684
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388