This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $99,690 initial cash invested.
-6.85%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$2,631
Rent
-$569
Cashflow
Cash Flow
$2,631 income − $3,200 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,631
Total Expenses
$3,200
Mortgage P&I
76%
$1,998
Property Taxes
7%
$172
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289