This property looks like a bad Mid-Term investment with a projected -9.77% first-year return on $99,690 initial cash invested.
-9.77%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,246
Rent
-$812
Cashflow
Cash Flow
$2,246 income − $3,058 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,246
Total Expenses
$3,058
Mortgage P&I
89%
$1,999
Property Taxes
7%
$159
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247