This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $97,758 initial cash invested.
-9.61%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,730
Rent
-$783
Cashflow
Cash Flow
$2,730 income − $3,513 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,758
Downpayment
20%
$75,960
Closing costs
1%
$3,798
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$3,513
Mortgage P&I
77%
$2,098
Property Taxes
13%
$351
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300