This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $100k initial cash invested.
-5.1%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$3,160
Rent
-$425
Cashflow
Cash Flow
$3,160 income − $3,585 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,160
Total Expenses
$3,585
Mortgage P&I
67%
$2,127
Property Taxes
8%
$241
Home Insurance
5%
$143
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348