This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $100k initial cash invested.
-2.33%
Cash On Cash
6.35%
Cap Rate
0.98
DSCR
$3,699
Rent
-$195
Cashflow
Cash Flow
$3,699 income − $3,894 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$392k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,400
Closing costs
1%
$3,920
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,699
Total Expenses
$3,894
Mortgage P&I
57%
$2,120
Property Taxes
10%
$376
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407