This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $100k initial cash invested.
-1.74%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$3,840
Rent
-$145
Cashflow
Cash Flow
$3,840 income − $3,985 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,260
Closing costs
1%
$3,913
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,840
Total Expenses
$3,985
Mortgage P&I
56%
$2,151
Property Taxes
9%
$359
Home Insurance
4%
$140
HOA
1%
$29
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422