This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $99,921 initial cash invested.
-5.57%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$3,754
Rent
-$464
Cashflow
Cash Flow
$3,754 income − $4,218 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,921
Downpayment
20%
$78,020
Closing costs
1%
$3,901
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$4,218
Mortgage P&I
58%
$2,167
Property Taxes
17%
$642
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413