This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $97,926 initial cash invested.
-7.18%
Cash On Cash
4.63%
Cap Rate
0.75
DSCR
$2,692
Rent
-$586
Cashflow
Cash Flow
$2,692 income − $3,278 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,926
Downpayment
20%
$76,120
Closing costs
1%
$3,806
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,278
Mortgage P&I
72%
$1,948
Property Taxes
10%
$279
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296