This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $97,779 initial cash invested.
-2.59%
Cash On Cash
5.88%
Cap Rate
0.96
DSCR
$3,262
Rent
-$211
Cashflow
Cash Flow
$3,262 income − $3,473 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$3,473
Mortgage P&I
60%
$1,941
Property Taxes
4%
$135
Home Insurance
4%
$133
HOA
5%
$156
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359