This property looks like a bad Mid-Term investment with a projected -11.57% first-year return on $99,690 initial cash invested.
-11.57%
Cash On Cash
3.74%
Cap Rate
0.59
DSCR
$2,600
Rent
-$961
Cashflow
Cash Flow
$2,600 income − $3,561 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,600
Total Expenses
$3,561
Mortgage P&I
80%
$2,068
Property Taxes
18%
$478
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286