This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $99,879 initial cash invested.
-5.85%
Cash On Cash
5.45%
Cap Rate
0.82
DSCR
$2,738
Rent
-$487
Cashflow
Cash Flow
$2,738 income − $3,225 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$3,225
Mortgage P&I
78%
$2,147
Property Taxes
0%
$6
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301