This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $102k initial cash invested.
-1.24%
Cash On Cash
6.34%
Cap Rate
1.03
DSCR
$4,239
Rent
-$106
Cashflow
Cash Flow
$4,239 income − $4,345 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,460
Closing costs
1%
$4,023
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,239
Total Expenses
$4,345
Mortgage P&I
49%
$2,060
Property Taxes
14%
$578
Home Insurance
3%
$140
HOA
3%
$125
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466