This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $100k initial cash invested.
-6.8%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$3,274
Rent
-$569
Cashflow
Cash Flow
$3,274 income − $3,843 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,274
Total Expenses
$3,843
Mortgage P&I
66%
$2,147
Property Taxes
12%
$387
Home Insurance
5%
$158
HOA
1%
$38
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360