This property looks like a bad Mid-Term investment with a projected -8.61% first-year return on $99,186 initial cash invested.
-8.61%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$2,754
Rent
-$712
Cashflow
Cash Flow
$2,754 income − $3,466 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,186
Downpayment
20%
$77,320
Closing costs
1%
$3,866
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$3,466
Mortgage P&I
77%
$2,134
Property Taxes
9%
$243
Home Insurance
5%
$147
HOA
0%
$6
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303