This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $99,669 initial cash invested.
-3.2%
Cash On Cash
5.88%
Cap Rate
0.94
DSCR
$3,482
Rent
-$266
Cashflow
Cash Flow
$3,482 income − $3,748 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,482
Total Expenses
$3,748
Mortgage P&I
58%
$2,031
Property Taxes
11%
$373
Home Insurance
4%
$140
HOA
1%
$21
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383