This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $99,837 initial cash invested.
-3.45%
Cash On Cash
6.26%
Cap Rate
0.94
DSCR
$3,950
Rent
-$287
Cashflow
Cash Flow
$3,950 income − $4,237 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,837
Downpayment
20%
$77,940
Closing costs
1%
$3,897
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,950
Total Expenses
$4,237
Mortgage P&I
55%
$2,163
Property Taxes
15%
$596
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434