This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $99,858 initial cash invested.
-6.36%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$2,658
Rent
-$529
Cashflow
Cash Flow
$2,658 income − $3,187 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,858
Downpayment
20%
$77,960
Closing costs
1%
$3,898
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$3,187
Mortgage P&I
75%
$2,001
Property Taxes
5%
$143
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292