This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $98,346 initial cash invested.
-4.05%
Cash On Cash
5.84%
Cap Rate
0.9
DSCR
$2,998
Rent
-$332
Cashflow
Cash Flow
$2,998 income − $3,330 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,346
Downpayment
20%
$76,520
Closing costs
1%
$3,826
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,998
Total Expenses
$3,330
Mortgage P&I
69%
$2,073
Property Taxes
3%
$80
Home Insurance
5%
$136
HOA
1%
$21
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330