This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $98,451 initial cash invested.
-6.53%
Cash On Cash
5.06%
Cap Rate
0.79
DSCR
$2,640
Rent
-$536
Cashflow
Cash Flow
$2,640 income − $3,176 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,451
Downpayment
20%
$76,620
Closing costs
1%
$3,831
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,640
Total Expenses
$3,176
Mortgage P&I
77%
$2,044
Property Taxes
4%
$98
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290