This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $97,821 initial cash invested.
-5.04%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$3,135
Rent
-$411
Cashflow
Cash Flow
$3,135 income − $3,546 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$3,546
Mortgage P&I
66%
$2,082
Property Taxes
8%
$264
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345