This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $102k initial cash invested.
-4.9%
Cash On Cash
5.37%
Cap Rate
0.86
DSCR
$3,230
Rent
-$418
Cashflow
Cash Flow
$3,230 income − $3,648 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,440
Closing costs
1%
$4,022
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,230
Total Expenses
$3,648
Mortgage P&I
65%
$2,089
Property Taxes
10%
$317
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355