This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $102k initial cash invested.
-13.17%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,444
Rent
-$1,119
Cashflow
Cash Flow
$2,444 income − $3,563 expenses = $1,119 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
$2,444
Total Expenses
$3,563
Mortgage P&I
90%
$2,196
Property Taxes
16%
$396
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269