This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $99,879 initial cash invested.
-11.53%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$2,487
Rent
-$960
Cashflow
Cash Flow
$2,487 income − $3,447 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,487
Total Expenses
$3,447
Mortgage P&I
85%
$2,116
Property Taxes
14%
$350
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274