This property looks like a bad Mid-Term investment with a projected -12.81% first-year return on $102k initial cash invested.
-12.81%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$1,932
Rent
-$1,089
Cashflow
Cash Flow
$1,932 income − $3,021 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,932
Total Expenses
$3,021
Mortgage P&I
113%
$2,174
Property Taxes
3%
$50
Home Insurance
7%
$140
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213