This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $98,850 initial cash invested.
-7.61%
Cash On Cash
4.58%
Cap Rate
0.74
DSCR
$2,415
Rent
-$627
Cashflow
Cash Flow
$2,415 income − $3,042 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,415
Total Expenses
$3,042
Mortgage P&I
83%
$2,000
Property Taxes
4%
$85
Home Insurance
6%
$135
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266