This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $99,963 initial cash invested.
-3.96%
Cash On Cash
5.8%
Cap Rate
0.92
DSCR
$3,902
Rent
-$330
Cashflow
Cash Flow
$3,902 income − $4,232 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,963
Downpayment
20%
$78,060
Closing costs
1%
$3,903
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,902
Total Expenses
$4,232
Mortgage P&I
53%
$2,062
Property Taxes
18%
$705
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429