This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $99,879 initial cash invested.
-4.79%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$2,960
Rent
-$399
Cashflow
Cash Flow
$2,960 income − $3,359 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,960
Total Expenses
$3,359
Mortgage P&I
70%
$2,075
Property Taxes
5%
$142
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326