This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $99,879 initial cash invested.
-1.36%
Cash On Cash
6.55%
Cap Rate
1.02
DSCR
$3,634
Rent
-$113
Cashflow
Cash Flow
$3,634 income − $3,747 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$3,747
Mortgage P&I
58%
$2,095
Property Taxes
6%
$226
Home Insurance
4%
$136
HOA
2%
$55
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400