This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $99,732 initial cash invested.
-2.79%
Cash On Cash
6.12%
Cap Rate
0.96
DSCR
$3,566
Rent
-$232
Cashflow
Cash Flow
$3,566 income − $3,798 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,732
Downpayment
20%
$77,840
Closing costs
1%
$3,892
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,798
Mortgage P&I
58%
$2,073
Property Taxes
10%
$372
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392