This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $99,480 initial cash invested.
-2.64%
Cash On Cash
6.29%
Cap Rate
0.96
DSCR
$3,528
Rent
-$219
Cashflow
Cash Flow
$3,528 income − $3,747 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,528
Total Expenses
$3,747
Mortgage P&I
60%
$2,112
Property Taxes
9%
$314
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388