This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $98,850 initial cash invested.
-6.18%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$3,148
Rent
-$509
Cashflow
Cash Flow
$3,148 income − $3,657 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$3,657
Mortgage P&I
67%
$2,101
Property Taxes
11%
$351
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346