This property looks like a bad Mid-Term investment with a projected -10.64% first-year return on $102k initial cash invested.
-10.64%
Cash On Cash
4.29%
Cap Rate
0.64
DSCR
$2,474
Rent
-$904
Cashflow
Cash Flow
$2,474 income − $3,378 expenses = $904 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,474
Total Expenses
$3,378
Mortgage P&I
90%
$2,234
Property Taxes
7%
$163
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272