This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $102k initial cash invested.
-6.2%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$2,898
Rent
-$527
Cashflow
Cash Flow
$2,898 income − $3,425 expenses = $527 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
$2,898
Total Expenses
$3,425
Mortgage P&I
75%
$2,185
Property Taxes
4%
$114
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319