This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $98,157 initial cash invested.
-2.34%
Cash On Cash
6.65%
Cap Rate
0.98
DSCR
$3,876
Rent
-$191
Cashflow
Cash Flow
$3,876 income − $4,067 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,157
Downpayment
20%
$76,340
Closing costs
1%
$3,817
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$4,067
Mortgage P&I
56%
$2,152
Property Taxes
12%
$462
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426