This property looks like a bad Mid-Term investment with a projected -17.12% first-year return on $99,690 initial cash invested.
-17.12%
Cash On Cash
2.4%
Cap Rate
0.36
DSCR
$1,536
Rent
-$1,422
Cashflow
Cash Flow
$1,536 income − $2,958 expenses = $1,422 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,536
Total Expenses
$2,958
Mortgage P&I
139%
$2,139
Property Taxes
11%
$162
Home Insurance
9%
$136
HOA
0%
$0
Property Management
12%
$184
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$169