This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $98,745 initial cash invested.
-0.97%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$3,852
Rent
-$80
Cashflow
Cash Flow
$3,852 income − $3,932 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,745
Downpayment
20%
$76,900
Closing costs
1%
$3,845
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,852
Total Expenses
$3,932
Mortgage P&I
54%
$2,098
Property Taxes
10%
$388
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424