This property looks like a bad Mid-Term investment with a projected -0.83% first-year return on $99,879 initial cash invested.
-0.83%
Cash On Cash
6.61%
Cap Rate
1.03
DSCR
$3,369
Rent
-$69
Cashflow
Cash Flow
$3,369 income − $3,438 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,369
Total Expenses
$3,438
Mortgage P&I
62%
$2,081
Property Taxes
2%
$71
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371