This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $99,984 initial cash invested.
-2.89%
Cash On Cash
6.25%
Cap Rate
0.95
DSCR
$3,394
Rent
-$241
Cashflow
Cash Flow
$3,394 income − $3,635 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,394
Total Expenses
$3,635
Mortgage P&I
63%
$2,137
Property Taxes
5%
$169
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373