This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $98,283 initial cash invested.
-5.43%
Cash On Cash
5.41%
Cap Rate
0.84
DSCR
$2,864
Rent
-$445
Cashflow
Cash Flow
$2,864 income − $3,309 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,283
Downpayment
20%
$76,460
Closing costs
1%
$3,823
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,864
Total Expenses
$3,309
Mortgage P&I
72%
$2,053
Property Taxes
5%
$142
Home Insurance
5%
$139
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315