This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $102k initial cash invested.
-7.51%
Cash On Cash
4.54%
Cap Rate
0.74
DSCR
$2,918
Rent
-$638
Cashflow
Cash Flow
$2,918 income − $3,556 expenses = $638 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%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,918
Total Expenses
$3,556
Mortgage P&I
70%
$2,034
Property Taxes
13%
$387
Home Insurance
5%
$140
HOA
0%
$2
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321