This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $99,669 initial cash invested.
-6.97%
Cash On Cash
4.56%
Cap Rate
0.76
DSCR
$2,704
Rent
-$579
Cashflow
Cash Flow
$2,704 income − $3,283 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,704
Total Expenses
$3,283
Mortgage P&I
72%
$1,948
Property Taxes
10%
$279
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297