This property looks like a bad Mid-Term investment with a projected -0.16% first-year return on $99,795 initial cash invested.
-0.16%
Cash On Cash
6.7%
Cap Rate
1.07
DSCR
$3,680
Rent
-$13
Cashflow
Cash Flow
$3,680 income − $3,693 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,795
Downpayment
20%
$77,900
Closing costs
1%
$3,895
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,680
Total Expenses
$3,693
Mortgage P&I
55%
$2,041
Property Taxes
6%
$211
Home Insurance
4%
$140
HOA
1%
$50
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405