This property looks like a bad Mid-Term investment with a projected -8.43% first-year return on $100k initial cash invested.
-8.43%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$4,040
Rent
-$706
Cashflow
Cash Flow
$4,040 income − $4,746 expenses = $706 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%
$78,560
Closing costs
1%
$3,928
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,040
Total Expenses
$4,746
Mortgage P&I
53%
$2,146
Property Taxes
8%
$341
Home Insurance
4%
$144
HOA
18%
$741
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444