This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $102k initial cash invested.
-9.57%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,811
Rent
-$813
Cashflow
Cash Flow
$2,811 income − $3,624 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,811
Total Expenses
$3,624
Mortgage P&I
78%
$2,179
Property Taxes
12%
$351
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309