This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $98,703 initial cash invested.
-7.22%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$2,955
Rent
-$594
Cashflow
Cash Flow
$2,955 income − $3,549 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$3,549
Mortgage P&I
70%
$2,061
Property Taxes
12%
$347
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325