This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $99,900 initial cash invested.
-6.63%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$3,104
Rent
-$552
Cashflow
Cash Flow
$3,104 income − $3,656 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$3,656
Mortgage P&I
70%
$2,172
Property Taxes
9%
$294
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341