This property looks like a bad Mid-Term investment with a projected -8.44% first-year return on $102k initial cash invested.
-8.44%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$2,950
Rent
-$717
Cashflow
Cash Flow
$2,950 income − $3,667 expenses = $717 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
$2,950
Total Expenses
$3,667
Mortgage P&I
76%
$2,228
Property Taxes
10%
$297
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324