This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $99,795 initial cash invested.
-2.44%
Cash On Cash
6.17%
Cap Rate
0.97
DSCR
$3,585
Rent
-$203
Cashflow
Cash Flow
$3,585 income − $3,788 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,585
Total Expenses
$3,788
Mortgage P&I
58%
$2,064
Property Taxes
10%
$370
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394