This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $99,732 initial cash invested.
-6.68%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$3,332
Rent
-$555
Cashflow
Cash Flow
$3,332 income − $3,887 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,732
Downpayment
20%
$77,840
Closing costs
1%
$3,892
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,332
Total Expenses
$3,887
Mortgage P&I
62%
$2,071
Property Taxes
16%
$543
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$367