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
5.14%
Cap Rate
0.76
DSCR
$3,658
Rent
-$689
Cashflow
Cash Flow
$3,658 income − $4,347 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,400
Closing costs
1%
$4,020
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$4,347
Mortgage P&I
62%
$2,264
Property Taxes
19%
$700
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402