This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $99,690 initial cash invested.
-3.05%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$3,550
Rent
-$253
Cashflow
Cash Flow
$3,550 income − $3,803 expenses = $253 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
$3,550
Total Expenses
$3,803
Mortgage P&I
59%
$2,098
Property Taxes
10%
$363
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390