This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $100k initial cash invested.
-4.59%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$3,912
Rent
-$383
Cashflow
Cash Flow
$3,912 income − $4,295 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,320
Closing costs
1%
$3,916
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,912
Total Expenses
$4,295
Mortgage P&I
56%
$2,190
Property Taxes
16%
$637
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430