This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $99,837 initial cash invested.
-1.27%
Cash On Cash
6.77%
Cap Rate
1.02
DSCR
$3,580
Rent
-$106
Cashflow
Cash Flow
$3,580 income − $3,686 expenses = $106 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
$3,580
Total Expenses
$3,686
Mortgage P&I
60%
$2,160
Property Taxes
4%
$155
Home Insurance
4%
$154
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394