This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $99,690 initial cash invested.
-13.17%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$2,205
Rent
-$1,094
Cashflow
Cash Flow
$2,205 income − $3,299 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,205
Total Expenses
$3,299
Mortgage P&I
90%
$1,981
Property Taxes
20%
$432
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243