This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $102k initial cash invested.
-6.07%
Cash On Cash
5.21%
Cap Rate
0.82
DSCR
$3,078
Rent
-$517
Cashflow
Cash Flow
$3,078 income − $3,595 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,260
Closing costs
1%
$4,013
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$3,595
Mortgage P&I
69%
$2,135
Property Taxes
9%
$269
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339