This property looks like a bad Mid-Term investment with a projected -0.04% first-year return on $100k initial cash invested.
-0.04%
Cash On Cash
6.57%
Cap Rate
1.07
DSCR
$3,452
Rent
-$3
Cashflow
Cash Flow
$3,452 income − $3,455 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,180
Closing costs
1%
$3,909
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,452
Total Expenses
$3,455
Mortgage P&I
58%
$2,006
Property Taxes
4%
$135
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380