This property looks like a bad Mid-Term investment with a projected -7.27% first-year return on $102k initial cash invested.
-7.27%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$3,152
Rent
-$618
Cashflow
Cash Flow
$3,152 income − $3,770 expenses = $618 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%
$79,998
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,770
Mortgage P&I
70%
$2,191
Property Taxes
8%
$267
Home Insurance
4%
$140
HOA
3%
$100
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347