This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $98,850 initial cash invested.
-8.47%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,522
Rent
-$698
Cashflow
Cash Flow
$2,522 income − $3,220 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,522
Total Expenses
$3,220
Mortgage P&I
84%
$2,113
Property Taxes
5%
$114
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277