This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $98,850 initial cash invested.
-3.91%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$3,160
Rent
-$322
Cashflow
Cash Flow
$3,160 income − $3,482 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,160
Total Expenses
$3,482
Mortgage P&I
68%
$2,141
Property Taxes
4%
$132
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348