This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $97,779 initial cash invested.
-4.98%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$3,096
Rent
-$406
Cashflow
Cash Flow
$3,096 income − $3,502 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,096
Total Expenses
$3,502
Mortgage P&I
66%
$2,058
Property Taxes
8%
$257
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341