This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $99,890 initial cash invested.
-2.1%
Cash On Cash
5.95%
Cap Rate
0.98
DSCR
$3,177
Rent
-$175
Cashflow
Cash Flow
$3,177 income − $3,352 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,890
Downpayment
20%
$77,990
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,177
Total Expenses
$3,352
Mortgage P&I
62%
$1,983
Property Taxes
5%
$154
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349