This property looks like a bad Mid-Term investment with a projected -12.59% first-year return on $99,312 initial cash invested.
-12.59%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$2,523
Rent
-$1,042
Cashflow
Cash Flow
$2,523 income − $3,565 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,523
Total Expenses
$3,565
Mortgage P&I
85%
$2,139
Property Taxes
7%
$185
Home Insurance
6%
$140
HOA
10%
$242
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278