This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $99,417 initial cash invested.
-4.66%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$3,098
Rent
-$386
Cashflow
Cash Flow
$3,098 income − $3,484 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,417
Downpayment
20%
$77,540
Closing costs
1%
$3,877
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,484
Mortgage P&I
64%
$1,977
Property Taxes
10%
$317
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341