This property looks like a bad Mid-Term investment with a projected -10.93% first-year return on $98,745 initial cash invested.
-10.93%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$2,792
Rent
-$899
Cashflow
Cash Flow
$2,792 income − $3,691 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,745
Downpayment
20%
$76,900
Closing costs
1%
$3,845
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$3,691
Mortgage P&I
75%
$2,094
Property Taxes
18%
$490
Home Insurance
5%
$140
HOA
1%
$17
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307