This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $99,879 initial cash invested.
-5.41%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$2,841
Rent
-$450
Cashflow
Cash Flow
$2,841 income − $3,291 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,841
Total Expenses
$3,291
Mortgage P&I
76%
$2,148
Property Taxes
1%
$40
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313