This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $99,879 initial cash invested.
-6.74%
Cash On Cash
4.63%
Cap Rate
0.77
DSCR
$2,487
Rent
-$561
Cashflow
Cash Flow
$2,487 income − $3,048 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,487
Total Expenses
$3,048
Mortgage P&I
79%
$1,967
Property Taxes
4%
$100
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274