This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $102k initial cash invested.
-15.22%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$3,068
Rent
-$1,294
Cashflow
Cash Flow
$3,068 income − $4,362 expenses = $1,294 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,068
Total Expenses
$4,362
Mortgage P&I
71%
$2,186
Property Taxes
32%
$986
Home Insurance
5%
$140
HOA
0%
$7
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337