This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $99,375 initial cash invested.
-2.26%
Cash On Cash
6.08%
Cap Rate
0.98
DSCR
$3,464
Rent
-$187
Cashflow
Cash Flow
$3,464 income − $3,651 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,464
Total Expenses
$3,651
Mortgage P&I
58%
$2,011
Property Taxes
9%
$325
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381