This property looks like a bad Mid-Term investment with a projected -5.52% first-year return on $98,850 initial cash invested.
-5.52%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$4,056
Rent
-$455
Cashflow
Cash Flow
$4,056 income − $4,511 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,056
Total Expenses
$4,511
Mortgage P&I
52%
$2,115
Property Taxes
12%
$494
Home Insurance
3%
$135
HOA
10%
$388
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446