This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $99,900 initial cash invested.
-3.88%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$3,424
Rent
-$323
Cashflow
Cash Flow
$3,424 income − $3,747 expenses = $323 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
$3,424
Total Expenses
$3,747
Mortgage P&I
61%
$2,102
Property Taxes
10%
$344
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377