This property looks like a bad Mid-Term investment with a projected -9.31% first-year return on $99,879 initial cash invested.
-9.31%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$2,818
Rent
-$775
Cashflow
Cash Flow
$2,818 income − $3,593 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,818
Total Expenses
$3,593
Mortgage P&I
75%
$2,119
Property Taxes
13%
$379
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310