This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $99,690 initial cash invested.
-7.38%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$2,607
Rent
-$613
Cashflow
Cash Flow
$2,607 income − $3,220 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,607
Total Expenses
$3,220
Mortgage P&I
83%
$2,152
Property Taxes
2%
$46
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287