This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $100k initial cash invested.
-6.32%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$3,282
Rent
-$528
Cashflow
Cash Flow
$3,282 income − $3,810 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,282
Total Expenses
$3,810
Mortgage P&I
65%
$2,122
Property Taxes
13%
$418
Home Insurance
5%
$155
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361