This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $99,900 initial cash invested.
-5.31%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$3,318
Rent
-$442
Cashflow
Cash Flow
$3,318 income − $3,760 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,318
Total Expenses
$3,760
Mortgage P&I
63%
$2,099
Property Taxes
12%
$396
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365