This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $99,900 initial cash invested.
-5.47%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$2,954
Rent
-$455
Cashflow
Cash Flow
$2,954 income − $3,409 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,954
Total Expenses
$3,409
Mortgage P&I
71%
$2,097
Property Taxes
6%
$172
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325