This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $99,690 initial cash invested.
-3.89%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$3,080
Rent
-$323
Cashflow
Cash Flow
$3,080 income − $3,403 expenses = $323 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
$3,080
Total Expenses
$3,403
Mortgage P&I
69%
$2,126
Property Taxes
3%
$94
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339