This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $102k initial cash invested.
-7.14%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$3,280
Rent
-$607
Cashflow
Cash Flow
$3,280 income − $3,887 expenses = $607 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%
$80,020
Closing costs
1%
$4,001
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,280
Total Expenses
$3,887
Mortgage P&I
67%
$2,187
Property Taxes
14%
$447
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361