This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $98,598 initial cash invested.
-3.3%
Cash On Cash
5.67%
Cap Rate
0.93
DSCR
$3,258
Rent
-$271
Cashflow
Cash Flow
$3,258 income − $3,529 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,598
Downpayment
20%
$76,760
Closing costs
1%
$3,838
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,258
Total Expenses
$3,529
Mortgage P&I
60%
$1,955
Property Taxes
10%
$315
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358