This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $102k initial cash invested.
-5.61%
Cash On Cash
5.67%
Cap Rate
0.84
DSCR
$2,972
Rent
-$477
Cashflow
Cash Flow
$2,972 income − $3,449 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$3,449
Mortgage P&I
76%
$2,248
Property Taxes
2%
$50
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327