This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $100k initial cash invested.
-3.06%
Cash On Cash
5.98%
Cap Rate
0.94
DSCR
$3,258
Rent
-$256
Cashflow
Cash Flow
$3,258 income − $3,514 expenses = $256 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
$3,258
Total Expenses
$3,514
Mortgage P&I
64%
$2,081
Property Taxes
5%
$177
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358