This property looks like a bad Mid-Term investment with a projected -11.41% first-year return on $102k initial cash invested.
-11.41%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$2,218
Rent
-$970
Cashflow
Cash Flow
$2,218 income − $3,188 expenses = $970 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
$2,218
Total Expenses
$3,188
Mortgage P&I
92%
$2,042
Property Taxes
11%
$251
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244