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
6.29%
Cap Rate
1
DSCR
$4,478
Rent
-$172
Cashflow
Cash Flow
$4,478 income − $4,650 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,478
Total Expenses
$4,650
Mortgage P&I
47%
$2,096
Property Taxes
20%
$888
Home Insurance
3%
$144
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493