This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $100k initial cash invested.
-1.12%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$3,534
Rent
-$94
Cashflow
Cash Flow
$3,534 income − $3,628 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$3,628
Mortgage P&I
61%
$2,147
Property Taxes
4%
$140
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389