This property looks like a bad Mid-Term investment with a projected -4.77% first-year return on $98,325 initial cash invested.
-4.77%
Cash On Cash
5.49%
Cap Rate
0.87
DSCR
$3,174
Rent
-$391
Cashflow
Cash Flow
$3,174 income − $3,565 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$3,565
Mortgage P&I
63%
$2,015
Property Taxes
11%
$336
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349