This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $99,900 initial cash invested.
-7.46%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$3,132
Rent
-$621
Cashflow
Cash Flow
$3,132 income − $3,753 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$3,753
Mortgage P&I
68%
$2,136
Property Taxes
13%
$416
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345