This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $100k initial cash invested.
-2.52%
Cash On Cash
6.7%
Cap Rate
0.99
DSCR
$4,598
Rent
-$211
Cashflow
Cash Flow
$4,598 income − $4,809 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$100k
Downpayment
20%
$78,540
Closing costs
1%
$3,927
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,598
Total Expenses
$4,809
Mortgage P&I
48%
$2,218
Property Taxes
20%
$922
Home Insurance
2%
$105
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506