This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $99,879 initial cash invested.
-9.13%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,568
Rent
-$760
Cashflow
Cash Flow
$2,568 income − $3,328 expenses = $760 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,568
Total Expenses
$3,328
Mortgage P&I
83%
$2,136
Property Taxes
6%
$158
Home Insurance
5%
$136
HOA
1%
$25
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282