This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $99,417 initial cash invested.
-5.38%
Cash On Cash
5.14%
Cap Rate
0.83
DSCR
$2,858
Rent
-$446
Cashflow
Cash Flow
$2,858 income − $3,304 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,858
Total Expenses
$3,304
Mortgage P&I
70%
$1,994
Property Taxes
7%
$189
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314