This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $98,850 initial cash invested.
-7.6%
Cash On Cash
5.01%
Cap Rate
0.76
DSCR
$3,044
Rent
-$626
Cashflow
Cash Flow
$3,044 income − $3,670 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,670
Mortgage P&I
69%
$2,111
Property Taxes
13%
$389
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335