This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $102k initial cash invested.
-7.08%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$3,010
Rent
-$602
Cashflow
Cash Flow
$3,010 income − $3,612 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,010
Total Expenses
$3,612
Mortgage P&I
73%
$2,203
Property Taxes
8%
$247
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331