This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $102k initial cash invested.
-7.18%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$3,088
Rent
-$610
Cashflow
Cash Flow
$3,088 income − $3,698 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,088
Total Expenses
$3,698
Mortgage P&I
70%
$2,148
Property Taxes
12%
$358
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340