This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $98,850 initial cash invested.
-2.91%
Cash On Cash
5.86%
Cap Rate
0.94
DSCR
$3,004
Rent
-$240
Cashflow
Cash Flow
$3,004 income − $3,244 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,004
Total Expenses
$3,244
Mortgage P&I
67%
$2,000
Property Taxes
3%
$89
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330