This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $102k initial cash invested.
-7.7%
Cash On Cash
4.45%
Cap Rate
0.74
DSCR
$3,052
Rent
-$654
Cashflow
Cash Flow
$3,052 income − $3,706 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,955
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,052
Total Expenses
$3,706
Mortgage P&I
66%
$2,016
Property Taxes
17%
$512
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336