This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $98,388 initial cash invested.
-2.15%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$3,616
Rent
-$176
Cashflow
Cash Flow
$3,616 income − $3,792 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,388
Downpayment
20%
$76,560
Closing costs
1%
$3,828
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,616
Total Expenses
$3,792
Mortgage P&I
58%
$2,098
Property Taxes
8%
$280
Home Insurance
4%
$134
HOA
1%
$50
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398