This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $97,779 initial cash invested.
-3.83%
Cash On Cash
5.61%
Cap Rate
0.9
DSCR
$2,895
Rent
-$312
Cashflow
Cash Flow
$2,895 income − $3,207 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$3,207
Mortgage P&I
68%
$1,971
Property Taxes
4%
$119
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318