This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $99,816 initial cash invested.
-2.85%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$3,358
Rent
-$237
Cashflow
Cash Flow
$3,358 income − $3,595 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,816
Downpayment
20%
$77,920
Closing costs
1%
$3,896
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$3,595
Mortgage P&I
63%
$2,121
Property Taxes
6%
$197
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369