This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $98,829 initial cash invested.
-3.17%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$3,410
Rent
-$261
Cashflow
Cash Flow
$3,410 income − $3,671 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$3,671
Mortgage P&I
62%
$2,111
Property Taxes
8%
$267
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375