This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $99,879 initial cash invested.
-3.42%
Cash On Cash
6.29%
Cap Rate
0.93
DSCR
$3,450
Rent
-$285
Cashflow
Cash Flow
$3,450 income − $3,735 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,450
Total Expenses
$3,735
Mortgage P&I
64%
$2,191
Property Taxes
7%
$234
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380