This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $99,900 initial cash invested.
-6.45%
Cash On Cash
4.93%
Cap Rate
0.79
DSCR
$2,834
Rent
-$537
Cashflow
Cash Flow
$2,834 income − $3,371 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,834
Total Expenses
$3,371
Mortgage P&I
71%
$2,025
Property Taxes
9%
$241
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312