This property looks like a bad Mid-Term investment with a projected -16.2% first-year return on $100k initial cash invested.
-16.2%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$2,544
Rent
-$1,356
Cashflow
Cash Flow
$2,544 income − $3,900 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$3,900
Mortgage P&I
84%
$2,145
Property Taxes
29%
$740
Home Insurance
6%
$150
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280