This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $102k initial cash invested.
-10.92%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$2,571
Rent
-$928
Cashflow
Cash Flow
$2,571 income − $3,499 expenses = $928 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
$2,571
Total Expenses
$3,499
Mortgage P&I
85%
$2,194
Property Taxes
11%
$290
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283