This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $99,186 initial cash invested.
-5.89%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$3,526
Rent
-$487
Cashflow
Cash Flow
$3,526 income − $4,013 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,186
Downpayment
20%
$77,320
Closing costs
1%
$3,866
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,526
Total Expenses
$4,013
Mortgage P&I
60%
$2,131
Property Taxes
15%
$543
Home Insurance
4%
$136
HOA
0%
$4
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388