This property looks like a bad Mid-Term investment with a projected -10.7% first-year return on $99,879 initial cash invested.
-10.7%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$2,270
Rent
-$891
Cashflow
Cash Flow
$2,270 income − $3,161 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,270
Total Expenses
$3,161
Mortgage P&I
95%
$2,156
Property Taxes
4%
$97
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250