This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $98,052 initial cash invested.
-12.24%
Cash On Cash
3.89%
Cap Rate
0.58
DSCR
$2,302
Rent
-$1,000
Cashflow
Cash Flow
$2,302 income − $3,302 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,052
Downpayment
20%
$76,240
Closing costs
1%
$3,812
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,302
Total Expenses
$3,302
Mortgage P&I
93%
$2,145
Property Taxes
8%
$193
Home Insurance
6%
$140
HOA
2%
$42
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253