This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $102k initial cash invested.
-7.52%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$3,009
Rent
-$639
Cashflow
Cash Flow
$3,009 income − $3,648 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,009
Total Expenses
$3,648
Mortgage P&I
71%
$2,135
Property Taxes
12%
$351
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331