This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $99,207 initial cash invested.
-7.22%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$2,942
Rent
-$597
Cashflow
Cash Flow
$2,942 income − $3,539 expenses = $597 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,207
Downpayment
20%
$77,340
Closing costs
1%
$3,867
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,942
Total Expenses
$3,539
Mortgage P&I
73%
$2,150
Property Taxes
9%
$252
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324