This property looks like a bad Mid-Term investment with a projected -16.98% first-year return on $97,695 initial cash invested.
-16.98%
Cash On Cash
2.65%
Cap Rate
0.39
DSCR
$1,935
Rent
-$1,382
Cashflow
Cash Flow
$1,935 income − $3,317 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,695
Downpayment
20%
$75,900
Closing costs
1%
$3,795
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,935
Total Expenses
$3,317
Mortgage P&I
111%
$2,143
Property Taxes
20%
$384
Home Insurance
7%
$133
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213