This property looks like a bad Mid-Term investment with a projected -10.98% first-year return on $102k initial cash invested.
-10.98%
Cash On Cash
4.28%
Cap Rate
0.63
DSCR
$2,574
Rent
-$935
Cashflow
Cash Flow
$2,574 income − $3,509 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,574
Total Expenses
$3,509
Mortgage P&I
88%
$2,264
Property Taxes
8%
$207
Home Insurance
6%
$147
HOA
1%
$16
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283