This property looks like a bad Mid-Term investment with a projected -12.54% first-year return on $102k initial cash invested.
-12.54%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$2,172
Rent
-$1,066
Cashflow
Cash Flow
$2,172 income − $3,238 expenses = $1,066 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
$2,172
Total Expenses
$3,238
Mortgage P&I
102%
$2,220
Property Taxes
6%
$139
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239