This property looks like a bad Mid-Term investment with a projected -10.04% first-year return on $98,766 initial cash invested.
-10.04%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,754
Rent
-$826
Cashflow
Cash Flow
$2,754 income − $3,580 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$3,580
Mortgage P&I
78%
$2,140
Property Taxes
13%
$368
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303