This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $98,241 initial cash invested.
-2.17%
Cash On Cash
6.6%
Cap Rate
0.98
DSCR
$3,544
Rent
-$178
Cashflow
Cash Flow
$3,544 income − $3,722 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,241
Downpayment
20%
$76,420
Closing costs
1%
$3,821
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,544
Total Expenses
$3,722
Mortgage P&I
60%
$2,137
Property Taxes
7%
$244
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390