This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $98,556 initial cash invested.
-7.91%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$2,688
Rent
-$650
Cashflow
Cash Flow
$2,688 income − $3,338 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,556
Downpayment
20%
$76,720
Closing costs
1%
$3,836
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$3,338
Mortgage P&I
78%
$2,109
Property Taxes
7%
$179
Home Insurance
5%
$134
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296