This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $99,690 initial cash invested.
-0.33%
Cash On Cash
6.41%
Cap Rate
1.06
DSCR
$3,528
Rent
-$27
Cashflow
Cash Flow
$3,528 income − $3,555 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,528
Total Expenses
$3,555
Mortgage P&I
56%
$1,965
Property Taxes
7%
$255
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388