This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $99,879 initial cash invested.
-7.64%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$2,679
Rent
-$636
Cashflow
Cash Flow
$2,679 income − $3,315 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,679
Total Expenses
$3,315
Mortgage P&I
80%
$2,135
Property Taxes
5%
$134
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295