This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $99,648 initial cash invested.
-7.91%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$3,002
Rent
-$657
Cashflow
Cash Flow
$3,002 income − $3,659 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,648
Downpayment
20%
$77,760
Closing costs
1%
$3,888
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$3,659
Mortgage P&I
70%
$2,096
Property Taxes
13%
$403
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330