This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $99,690 initial cash invested.
-7.26%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$2,758
Rent
-$603
Cashflow
Cash Flow
$2,758 income − $3,361 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,690
Downpayment
20%
$77,800
Closing costs
1%
$3,890
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$3,361
Mortgage P&I
77%
$2,126
Property Taxes
6%
$162
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303