This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $97,779 initial cash invested.
-1.44%
Cash On Cash
6.66%
Cap Rate
1.02
DSCR
$3,993
Rent
-$117
Cashflow
Cash Flow
$3,993 income − $4,110 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,993
Total Expenses
$4,110
Mortgage P&I
52%
$2,066
Property Taxes
14%
$553
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439