This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $98,052 initial cash invested.
-9.95%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$2,956
Rent
-$813
Cashflow
Cash Flow
$2,956 income − $3,769 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,052
Downpayment
20%
$76,240
Closing costs
1%
$3,812
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$3,769
Mortgage P&I
69%
$2,035
Property Taxes
20%
$593
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325