This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $98,829 initial cash invested.
-0.75%
Cash On Cash
6.64%
Cap Rate
1.04
DSCR
$3,676
Rent
-$62
Cashflow
Cash Flow
$3,676 income − $3,738 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$3,738
Mortgage P&I
56%
$2,045
Property Taxes
9%
$322
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404