This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $102k initial cash invested.
-6.32%
Cash On Cash
4.96%
Cap Rate
0.8
DSCR
$2,822
Rent
-$537
Cashflow
Cash Flow
$2,822 income − $3,359 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,822
Total Expenses
$3,359
Mortgage P&I
74%
$2,077
Property Taxes
6%
$167
Home Insurance
5%
$140
HOA
1%
$15
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310