This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $98,640 initial cash invested.
-1.16%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$3,549
Rent
-$95
Cashflow
Cash Flow
$3,549 income − $3,644 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,640
Downpayment
20%
$76,800
Closing costs
1%
$3,840
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,549
Total Expenses
$3,644
Mortgage P&I
57%
$2,040
Property Taxes
7%
$263
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390