This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $102k initial cash invested.
-2.02%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$3,873
Rent
-$172
Cashflow
Cash Flow
$3,873 income − $4,045 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,160
Closing costs
1%
$4,008
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,873
Total Expenses
$4,045
Mortgage P&I
56%
$2,178
Property Taxes
10%
$406
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426