This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $97,779 initial cash invested.
-3.85%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$4,128
Rent
-$314
Cashflow
Cash Flow
$4,128 income − $4,442 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,128
Total Expenses
$4,442
Mortgage P&I
50%
$2,073
Property Taxes
20%
$811
Home Insurance
3%
$142
HOA
0%
$13
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454