This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $99,732 initial cash invested.
-7.82%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,667
Rent
-$650
Cashflow
Cash Flow
$2,667 income − $3,317 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,732
Downpayment
20%
$77,840
Closing costs
1%
$3,892
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,667
Total Expenses
$3,317
Mortgage P&I
81%
$2,159
Property Taxes
4%
$111
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293