This property looks like a bad Mid-Term investment with a projected -11.07% first-year return on $99,879 initial cash invested.
-11.07%
Cash On Cash
3.77%
Cap Rate
0.59
DSCR
$2,163
Rent
-$921
Cashflow
Cash Flow
$2,163 income − $3,084 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,163
Total Expenses
$3,084
Mortgage P&I
95%
$2,058
Property Taxes
7%
$153
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238