This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $100k initial cash invested.
-3.37%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$3,510
Rent
-$281
Cashflow
Cash Flow
$3,510 income − $3,791 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,240
Closing costs
1%
$3,912
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,510
Total Expenses
$3,791
Mortgage P&I
60%
$2,102
Property Taxes
10%
$357
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386