This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $97,863 initial cash invested.
-10.42%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$2,994
Rent
-$850
Cashflow
Cash Flow
$2,994 income − $3,844 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,863
Downpayment
20%
$76,060
Closing costs
1%
$3,803
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,994
Total Expenses
$3,844
Mortgage P&I
71%
$2,111
Property Taxes
19%
$571
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329