This property looks like a bad Mid-Term investment with a projected -7.96% first-year return on $100k initial cash invested.
-7.96%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,835
Rent
-$663
Cashflow
Cash Flow
$2,835 income − $3,498 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$3,498
Mortgage P&I
77%
$2,171
Property Taxes
8%
$226
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312