This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $99,879 initial cash invested.
-0.95%
Cash On Cash
6.62%
Cap Rate
1.03
DSCR
$3,342
Rent
-$79
Cashflow
Cash Flow
$3,342 income − $3,421 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,342
Total Expenses
$3,421
Mortgage P&I
63%
$2,095
Property Taxes
2%
$53
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368