This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $99,669 initial cash invested.
-2.64%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$3,186
Rent
-$219
Cashflow
Cash Flow
$3,186 income − $3,405 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$3,405
Mortgage P&I
68%
$2,173
Property Taxes
0%
$14
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350