This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $99,396 initial cash invested.
-11.86%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$2,752
Rent
-$982
Cashflow
Cash Flow
$2,752 income − $3,734 expenses = $982 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,752
Total Expenses
$3,734
Mortgage P&I
71%
$1,953
Property Taxes
22%
$600
Home Insurance
9%
$245
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303