This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $99,627 initial cash invested.
-12.04%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$2,427
Rent
-$1,000
Cashflow
Cash Flow
$2,427 income − $3,427 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,627
Downpayment
20%
$77,740
Closing costs
1%
$3,887
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,427
Total Expenses
$3,427
Mortgage P&I
82%
$1,983
Property Taxes
20%
$479
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267