This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $99,984 initial cash invested.
-2.48%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,848
Rent
-$207
Cashflow
Cash Flow
$3,848 income − $4,055 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,848
Total Expenses
$4,055
Mortgage P&I
54%
$2,079
Property Taxes
12%
$458
Home Insurance
4%
$150
HOA
2%
$60
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423