This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $100k initial cash invested.
-4.93%
Cash On Cash
5.4%
Cap Rate
0.86
DSCR
$3,405
Rent
-$412
Cashflow
Cash Flow
$3,405 income − $3,817 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,440
Closing costs
1%
$3,922
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,405
Total Expenses
$3,817
Mortgage P&I
60%
$2,040
Property Taxes
14%
$472
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375