This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $98,808 initial cash invested.
-4.19%
Cash On Cash
6.07%
Cap Rate
0.9
DSCR
$3,194
Rent
-$345
Cashflow
Cash Flow
$3,194 income − $3,539 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,808
Downpayment
20%
$76,960
Closing costs
1%
$3,848
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,194
Total Expenses
$3,539
Mortgage P&I
68%
$2,162
Property Taxes
5%
$155
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351