This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $98,493 initial cash invested.
-6.97%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$3,190
Rent
-$572
Cashflow
Cash Flow
$3,190 income − $3,762 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$3,762
Mortgage P&I
66%
$2,097
Property Taxes
14%
$453
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351