This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $100k initial cash invested.
-9.42%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,456
Rent
-$787
Cashflow
Cash Flow
$2,456 income − $3,243 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,340
Closing costs
1%
$3,917
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,456
Total Expenses
$3,243
Mortgage P&I
87%
$2,138
Property Taxes
5%
$126
Home Insurance
6%
$144
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270