This property looks like a bad Mid-Term investment with a projected -10.71% first-year return on $102k initial cash invested.
-10.71%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,370
Rent
-$912
Cashflow
Cash Flow
$2,370 income − $3,282 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,160
Closing costs
1%
$4,008
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,370
Total Expenses
$3,282
Mortgage P&I
93%
$2,208
Property Taxes
5%
$126
Home Insurance
6%
$142
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261