This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $99,900 initial cash invested.
-9.91%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$2,336
Rent
-$825
Cashflow
Cash Flow
$2,336 income − $3,161 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$3,161
Mortgage P&I
86%
$2,015
Property Taxes
8%
$192
Home Insurance
6%
$136
HOA
1%
$25
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257