This property looks like a bad Mid-Term investment with a projected -12.44% first-year return on $102k initial cash invested.
-12.44%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$2,271
Rent
-$1,057
Cashflow
Cash Flow
$2,271 income − $3,328 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,271
Total Expenses
$3,328
Mortgage P&I
90%
$2,039
Property Taxes
16%
$370
Home Insurance
6%
$140
HOA
0%
$6
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250