This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $99,690 initial cash invested.
-14.13%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$1,932
Rent
-$1,174
Cashflow
Cash Flow
$1,932 income − $3,106 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,932
Total Expenses
$3,106
Mortgage P&I
112%
$2,155
Property Taxes
8%
$158
Home Insurance
7%
$136
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213