This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $99,690 initial cash invested.
-6.2%
Cash On Cash
5.47%
Cap Rate
0.82
DSCR
$2,992
Rent
-$515
Cashflow
Cash Flow
$2,992 income − $3,507 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,992
Total Expenses
$3,507
Mortgage P&I
72%
$2,167
Property Taxes
6%
$182
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329