This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $100k initial cash invested.
-4.94%
Cash On Cash
5.6%
Cap Rate
0.87
DSCR
$3,386
Rent
-$412
Cashflow
Cash Flow
$3,386 income − $3,798 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,386
Total Expenses
$3,798
Mortgage P&I
62%
$2,102
Property Taxes
11%
$389
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372