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
4.4%
Cap Rate
0.73
DSCR
$2,586
Rent
-$639
Cashflow
Cash Flow
$2,586 income − $3,225 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,586
Total Expenses
$3,225
Mortgage P&I
77%
$2,003
Property Taxes
8%
$204
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284