This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $99,900 initial cash invested.
-1.14%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$3,480
Rent
-$95
Cashflow
Cash Flow
$3,480 income − $3,575 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,480
Total Expenses
$3,575
Mortgage P&I
57%
$1,990
Property Taxes
8%
$266
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383