This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $99,879 initial cash invested.
-8.71%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$2,740
Rent
-$725
Cashflow
Cash Flow
$2,740 income − $3,465 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,740
Total Expenses
$3,465
Mortgage P&I
73%
$1,993
Property Taxes
15%
$404
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301