This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $102k initial cash invested.
-2.62%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,838
Rent
-$223
Cashflow
Cash Flow
$3,838 income − $4,061 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,280
Closing costs
1%
$4,014
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,838
Total Expenses
$4,061
Mortgage P&I
56%
$2,153
Property Taxes
12%
$452
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422