This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $102k initial cash invested.
-7.43%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$3,566
Rent
-$631
Cashflow
Cash Flow
$3,566 income − $4,197 expenses = $631 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
$3,566
Total Expenses
$4,197
Mortgage P&I
61%
$2,186
Property Taxes
18%
$658
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392