This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $100k initial cash invested.
-3.02%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$3,873
Rent
-$252
Cashflow
Cash Flow
$3,873 income − $4,125 expenses = $252 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%
$78,240
Closing costs
1%
$3,912
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,873
Total Expenses
$4,125
Mortgage P&I
56%
$2,161
Property Taxes
8%
$300
Home Insurance
4%
$140
HOA
5%
$207
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426