This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $102k initial cash invested.
-7.4%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$3,093
Rent
-$629
Cashflow
Cash Flow
$3,093 income − $3,722 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,093
Total Expenses
$3,722
Mortgage P&I
66%
$2,026
Property Taxes
16%
$504
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340