This property looks like a bad Mid-Term investment with a projected -11.8% first-year return on $99,837 initial cash invested.
-11.8%
Cash On Cash
4.23%
Cap Rate
0.62
DSCR
$3,483
Rent
-$982
Cashflow
Cash Flow
$3,483 income − $4,465 expenses = $982 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,483
Total Expenses
$4,465
Mortgage P&I
64%
$2,217
Property Taxes
13%
$439
Home Insurance
4%
$141
HOA
14%
$485
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383