This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $99,480 initial cash invested.
-4.29%
Cash On Cash
5.42%
Cap Rate
0.88
DSCR
$2,964
Rent
-$356
Cashflow
Cash Flow
$2,964 income − $3,320 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,964
Total Expenses
$3,320
Mortgage P&I
67%
$1,991
Property Taxes
6%
$184
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326