This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $102k initial cash invested.
-7.72%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$3,633
Rent
-$656
Cashflow
Cash Flow
$3,633 income − $4,289 expenses = $656 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$4,289
Mortgage P&I
62%
$2,236
Property Taxes
19%
$678
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400