This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $97,758 initial cash invested.
-7.43%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$3,230
Rent
-$605
Cashflow
Cash Flow
$3,230 income − $3,835 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,758
Downpayment
20%
$75,960
Closing costs
1%
$3,798
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,230
Total Expenses
$3,835
Mortgage P&I
65%
$2,115
Property Taxes
15%
$500
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355