This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $99,270 initial cash invested.
-3.09%
Cash On Cash
6.02%
Cap Rate
0.94
DSCR
$3,507
Rent
-$256
Cashflow
Cash Flow
$3,507 income − $3,763 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,270
Downpayment
20%
$77,400
Closing costs
1%
$3,870
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$3,763
Mortgage P&I
59%
$2,059
Property Taxes
11%
$376
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386