This property looks like a bad Mid-Term investment with a projected -5.05% first-year return on $97,926 initial cash invested.
-5.05%
Cash On Cash
5.29%
Cap Rate
0.85
DSCR
$2,805
Rent
-$412
Cashflow
Cash Flow
$2,805 income − $3,217 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,926
Downpayment
20%
$76,120
Closing costs
1%
$3,806
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,805
Total Expenses
$3,217
Mortgage P&I
71%
$1,978
Property Taxes
5%
$149
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309