This property looks like a bad Mid-Term investment with a projected -10.09% first-year return on $99,879 initial cash invested.
-10.09%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$2,584
Rent
-$840
Cashflow
Cash Flow
$2,584 income − $3,424 expenses = $840 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
$2,584
Total Expenses
$3,424
Mortgage P&I
84%
$2,160
Property Taxes
10%
$250
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284