This property looks like a bad Mid-Term investment with a projected -8.07% first-year return on $102k initial cash invested.
-8.07%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$2,964
Rent
-$686
Cashflow
Cash Flow
$2,964 income − $3,650 expenses = $686 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
$2,964
Total Expenses
$3,650
Mortgage P&I
74%
$2,182
Property Taxes
10%
$284
Home Insurance
5%
$140
HOA
1%
$35
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326