This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $98,430 initial cash invested.
-1.39%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$3,790
Rent
-$114
Cashflow
Cash Flow
$3,790 income − $3,904 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,430
Downpayment
20%
$76,600
Closing costs
1%
$3,830
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,790
Total Expenses
$3,904
Mortgage P&I
55%
$2,086
Property Taxes
10%
$390
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417