This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $99,879 initial cash invested.
-2.94%
Cash On Cash
6.2%
Cap Rate
0.95
DSCR
$3,586
Rent
-$245
Cashflow
Cash Flow
$3,586 income − $3,831 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,586
Total Expenses
$3,831
Mortgage P&I
59%
$2,118
Property Taxes
10%
$359
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394