This property looks like a bad Mid-Term investment with a projected -12.23% first-year return on $99,900 initial cash invested.
-12.23%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,462
Rent
-$1,018
Cashflow
Cash Flow
$2,462 income − $3,480 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,462
Total Expenses
$3,480
Mortgage P&I
87%
$2,133
Property Taxes
15%
$375
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271