This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $102k initial cash invested.
-6.74%
Cash On Cash
4.87%
Cap Rate
0.78
DSCR
$3,132
Rent
-$574
Cashflow
Cash Flow
$3,132 income − $3,706 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,220
Closing costs
1%
$4,011
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$3,706
Mortgage P&I
66%
$2,077
Property Taxes
12%
$380
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345