This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $99,900 initial cash invested.
-2.33%
Cash On Cash
6.25%
Cap Rate
0.97
DSCR
$3,171
Rent
-$194
Cashflow
Cash Flow
$3,171 income − $3,365 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,171
Total Expenses
$3,365
Mortgage P&I
66%
$2,099
Property Taxes
2%
$51
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349