This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $102k initial cash invested.
-10.1%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$2,454
Rent
-$858
Cashflow
Cash Flow
$2,454 income − $3,312 expenses = $858 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
$2,454
Total Expenses
$3,312
Mortgage P&I
89%
$2,189
Property Taxes
6%
$149
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270