This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $100k initial cash invested.
-3.69%
Cash On Cash
5.94%
Cap Rate
0.92
DSCR
$3,342
Rent
-$308
Cashflow
Cash Flow
$3,342 income − $3,650 expenses = $308 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%
$78,200
Closing costs
1%
$3,910
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,342
Total Expenses
$3,650
Mortgage P&I
63%
$2,111
Property Taxes
8%
$262
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368