This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $98,850 initial cash invested.
-2.16%
Cash On Cash
6.45%
Cap Rate
0.98
DSCR
$3,327
Rent
-$178
Cashflow
Cash Flow
$3,327 income − $3,505 expenses = $178 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
$3,327
Total Expenses
$3,505
Mortgage P&I
64%
$2,113
Property Taxes
4%
$126
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366