This property looks like a bad Mid-Term investment with a projected -6.06% first-year return on $97,947 initial cash invested.
-6.06%
Cash On Cash
5.19%
Cap Rate
0.81
DSCR
$2,876
Rent
-$495
Cashflow
Cash Flow
$2,876 income − $3,371 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,947
Downpayment
20%
$76,140
Closing costs
1%
$3,807
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,876
Total Expenses
$3,371
Mortgage P&I
71%
$2,028
Property Taxes
9%
$268
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316