This property looks like a bad Mid-Term investment with a projected -7.94% first-year return on $100k initial cash invested.
-7.94%
Cash On Cash
4.58%
Cap Rate
0.75
DSCR
$4,089
Rent
-$662
Cashflow
Cash Flow
$4,089 income − $4,751 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,089
Total Expenses
$4,751
Mortgage P&I
49%
$1,988
Property Taxes
27%
$1,119
Home Insurance
3%
$141
HOA
3%
$111
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450