This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $99,543 initial cash invested.
-11.71%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$2,730
Rent
-$971
Cashflow
Cash Flow
$2,730 income − $3,701 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,543
Downpayment
20%
$77,660
Closing costs
1%
$3,883
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$3,701
Mortgage P&I
80%
$2,191
Property Taxes
16%
$442
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300