This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $84,105 initial cash invested.
-2.41%
Cash On Cash
6.59%
Cap Rate
0.99
DSCR
$3,102
Rent
-$169
Cashflow
Cash Flow
$3,102 income − $3,271 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,105
Downpayment
20%
$80,100
Closing costs
1%
$4,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,102
Total Expenses
$3,271
Mortgage P&I
71%
$2,213
Property Taxes
3%
$107
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0