This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $99,690 initial cash invested.
-1.49%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$3,848
Rent
-$124
Cashflow
Cash Flow
$3,848 income − $3,972 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,848
Total Expenses
$3,972
Mortgage P&I
55%
$2,123
Property Taxes
11%
$405
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423