This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $98,766 initial cash invested.
-4.17%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$3,284
Rent
-$343
Cashflow
Cash Flow
$3,284 income − $3,627 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$3,627
Mortgage P&I
65%
$2,127
Property Taxes
8%
$249
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361