This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $99,690 initial cash invested.
-0.76%
Cash On Cash
6.33%
Cap Rate
1.05
DSCR
$4,059
Rent
-$63
Cashflow
Cash Flow
$4,059 income − $4,122 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,059
Total Expenses
$4,122
Mortgage P&I
48%
$1,954
Property Taxes
16%
$653
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446