This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $100k initial cash invested.
-8.91%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$2,776
Rent
-$744
Cashflow
Cash Flow
$2,776 income − $3,520 expenses = $744 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,776
Total Expenses
$3,520
Mortgage P&I
75%
$2,069
Property Taxes
14%
$380
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305