This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $99,417 initial cash invested.
-1.56%
Cash On Cash
6.53%
Cap Rate
1.01
DSCR
$3,744
Rent
-$129
Cashflow
Cash Flow
$3,744 income − $3,873 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,417
Downpayment
20%
$77,540
Closing costs
1%
$3,877
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$3,873
Mortgage P&I
56%
$2,090
Property Taxes
10%
$375
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412