This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $99,879 initial cash invested.
-2.52%
Cash On Cash
5.93%
Cap Rate
0.96
DSCR
$3,036
Rent
-$210
Cashflow
Cash Flow
$3,036 income − $3,246 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,036
Total Expenses
$3,246
Mortgage P&I
66%
$2,016
Property Taxes
2%
$63
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334