This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $102k initial cash invested.
-10.15%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$2,508
Rent
-$864
Cashflow
Cash Flow
$2,508 income − $3,372 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,120
Closing costs
1%
$4,006
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,508
Total Expenses
$3,372
Mortgage P&I
87%
$2,194
Property Taxes
4%
$104
Home Insurance
6%
$147
HOA
3%
$75
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276