This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $102k initial cash invested.
-8.71%
Cash On Cash
4.86%
Cap Rate
0.72
DSCR
$2,744
Rent
-$741
Cashflow
Cash Flow
$2,744 income − $3,485 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,100
Closing costs
1%
$4,005
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$3,485
Mortgage P&I
82%
$2,252
Property Taxes
6%
$156
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302