This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $99,669 initial cash invested.
-5.53%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$3,228
Rent
-$459
Cashflow
Cash Flow
$3,228 income − $3,687 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,669
Downpayment
20%
$77,780
Closing costs
1%
$3,889
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,228
Total Expenses
$3,687
Mortgage P&I
66%
$2,116
Property Taxes
10%
$334
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355