This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $99,921 initial cash invested.
-4.2%
Cash On Cash
5.44%
Cap Rate
0.9
DSCR
$3,574
Rent
-$350
Cashflow
Cash Flow
$3,574 income − $3,924 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,921
Downpayment
20%
$78,020
Closing costs
1%
$3,901
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,574
Total Expenses
$3,924
Mortgage P&I
55%
$1,976
Property Taxes
11%
$401
Home Insurance
4%
$140
HOA
5%
$192
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393