This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $99,060 initial cash invested.
-2.56%
Cash On Cash
6.41%
Cap Rate
0.97
DSCR
$3,570
Rent
-$211
Cashflow
Cash Flow
$3,570 income − $3,781 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,570
Total Expenses
$3,781
Mortgage P&I
60%
$2,130
Property Taxes
8%
$298
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393