This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $99,879 initial cash invested.
-0.66%
Cash On Cash
6.32%
Cap Rate
1.04
DSCR
$3,354
Rent
-$55
Cashflow
Cash Flow
$3,354 income − $3,409 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,354
Total Expenses
$3,409
Mortgage P&I
59%
$1,975
Property Taxes
5%
$158
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369