This property looks like a bad Mid-Term investment with a projected -10.43% first-year return on $100k initial cash invested.
-10.43%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$2,988
Rent
-$870
Cashflow
Cash Flow
$2,988 income − $3,858 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,220
Closing costs
1%
$3,911
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$3,858
Mortgage P&I
72%
$2,164
Property Taxes
18%
$538
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329