This property looks like a bad Mid-Term investment with a projected -9.49% first-year return on $99,879 initial cash invested.
-9.49%
Cash On Cash
4.04%
Cap Rate
0.67
DSCR
$3,308
Rent
-$790
Cashflow
Cash Flow
$3,308 income − $4,098 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,308
Total Expenses
$4,098
Mortgage P&I
60%
$1,972
Property Taxes
26%
$862
Home Insurance
4%
$136
HOA
0%
$4
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364