This property looks like a bad Mid-Term investment with a projected -4.89% first-year return on $99,879 initial cash invested.
-4.89%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$3,248
Rent
-$407
Cashflow
Cash Flow
$3,248 income − $3,655 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,879
Downpayment
20%
$77,980
Closing costs
1%
$3,899
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,248
Total Expenses
$3,655
Mortgage P&I
66%
$2,152
Property Taxes
8%
$263
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357