This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $98,850 initial cash invested.
-11.67%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$2,799
Rent
-$961
Cashflow
Cash Flow
$2,799 income − $3,760 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,799
Total Expenses
$3,760
Mortgage P&I
70%
$1,963
Property Taxes
3%
$89
Home Insurance
5%
$135
HOA
22%
$621
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308