This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $100k initial cash invested.
-4.46%
Cash On Cash
5.89%
Cap Rate
0.89
DSCR
$3,320
Rent
-$373
Cashflow
Cash Flow
$3,320 income − $3,693 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$3,693
Mortgage P&I
65%
$2,164
Property Taxes
8%
$260
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365