This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $99,585 initial cash invested.
-6.98%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$3,506
Rent
-$579
Cashflow
Cash Flow
$3,506 income − $4,085 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,585
Downpayment
20%
$77,700
Closing costs
1%
$3,885
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$4,085
Mortgage P&I
60%
$2,099
Property Taxes
14%
$478
Home Insurance
4%
$150
HOA
5%
$166
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386