This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $99,984 initial cash invested.
-3.3%
Cash On Cash
6.18%
Cap Rate
0.94
DSCR
$3,600
Rent
-$275
Cashflow
Cash Flow
$3,600 income − $3,875 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,600
Total Expenses
$3,875
Mortgage P&I
59%
$2,141
Property Taxes
10%
$372
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396