This property looks like a bad Mid-Term investment with a projected -6.34% first-year return on $99,585 initial cash invested.
-6.34%
Cash On Cash
5.43%
Cap Rate
0.81
DSCR
$3,063
Rent
-$526
Cashflow
Cash Flow
$3,063 income − $3,589 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,063
Total Expenses
$3,589
Mortgage P&I
71%
$2,160
Property Taxes
8%
$250
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337