This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $99,774 initial cash invested.
-2.84%
Cash On Cash
5.9%
Cap Rate
0.95
DSCR
$3,495
Rent
-$236
Cashflow
Cash Flow
$3,495 income − $3,731 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,774
Downpayment
20%
$77,880
Closing costs
1%
$3,894
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$3,731
Mortgage P&I
58%
$2,011
Property Taxes
11%
$389
Home Insurance
4%
$133
HOA
0%
$10
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384