This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $97,779 initial cash invested.
-3.89%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$3,387
Rent
-$317
Cashflow
Cash Flow
$3,387 income − $3,704 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,387
Total Expenses
$3,704
Mortgage P&I
62%
$2,086
Property Taxes
10%
$334
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$373