This property looks like a bad Mid-Term investment with a projected -1.67% first-year return on $99,690 initial cash invested.
-1.67%
Cash On Cash
6.2%
Cap Rate
1
DSCR
$3,606
Rent
-$139
Cashflow
Cash Flow
$3,606 income − $3,745 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,606
Total Expenses
$3,745
Mortgage P&I
56%
$2,004
Property Taxes
11%
$379
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397