This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $102k initial cash invested.
-6.97%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$3,270
Rent
-$595
Cashflow
Cash Flow
$3,270 income − $3,865 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,420
Closing costs
1%
$4,021
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$3,865
Mortgage P&I
62%
$2,037
Property Taxes
17%
$544
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360