This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $99,585 initial cash invested.
-2.35%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$4,032
Rent
-$195
Cashflow
Cash Flow
$4,032 income − $4,227 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,032
Total Expenses
$4,227
Mortgage P&I
52%
$2,113
Property Taxes
15%
$603
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444