This property looks like a bad Mid-Term investment with a projected -13.77% first-year return on $100k initial cash invested.
-13.77%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$1,928
Rent
-$1,149
Cashflow
Cash Flow
$1,928 income − $3,077 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,928
Total Expenses
$3,077
Mortgage P&I
105%
$2,021
Property Taxes
14%
$264
Home Insurance
7%
$137
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212