This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $99,690 initial cash invested.
-8.99%
Cash On Cash
4.16%
Cap Rate
0.67
DSCR
$2,422
Rent
-$747
Cashflow
Cash Flow
$2,422 income − $3,169 expenses = $747 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
$2,422
Total Expenses
$3,169
Mortgage P&I
82%
$1,998
Property Taxes
9%
$211
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266