This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $99,690 initial cash invested.
-6.83%
Cash On Cash
5.4%
Cap Rate
0.8
DSCR
$3,222
Rent
-$567
Cashflow
Cash Flow
$3,222 income − $3,789 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,222
Total Expenses
$3,789
Mortgage P&I
68%
$2,189
Property Taxes
11%
$368
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354