This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $100k initial cash invested.
-6.85%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$3,585
Rent
-$573
Cashflow
Cash Flow
$3,585 income − $4,158 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,420
Closing costs
1%
$3,921
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,585
Total Expenses
$4,158
Mortgage P&I
58%
$2,087
Property Taxes
20%
$704
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394