This property looks like a bad Mid-Term investment with a projected -10.36% first-year return on $102k initial cash invested.
-10.36%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$2,720
Rent
-$880
Cashflow
Cash Flow
$2,720 income − $3,600 expenses = $880 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%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$3,600
Mortgage P&I
82%
$2,224
Property Taxes
11%
$311
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299