This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $102k initial cash invested.
-9.33%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$3,018
Rent
-$793
Cashflow
Cash Flow
$3,018 income − $3,811 expenses = $793 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%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$3,811
Mortgage P&I
73%
$2,188
Property Taxes
15%
$456
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332