This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $100k initial cash invested.
-6.2%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$3,094
Rent
-$517
Cashflow
Cash Flow
$3,094 income − $3,611 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,140
Closing costs
1%
$3,907
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$3,611
Mortgage P&I
71%
$2,184
Property Taxes
8%
$235
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340