This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $99,690 initial cash invested.
-4.91%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$3,042
Rent
-$408
Cashflow
Cash Flow
$3,042 income − $3,450 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,042
Total Expenses
$3,450
Mortgage P&I
68%
$2,083
Property Taxes
6%
$176
Home Insurance
4%
$136
HOA
1%
$20
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335