This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $102k initial cash invested.
-8.2%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$2,926
Rent
-$697
Cashflow
Cash Flow
$2,926 income − $3,623 expenses = $697 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
$2,926
Total Expenses
$3,623
Mortgage P&I
77%
$2,243
Property Taxes
8%
$245
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322