This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $98,157 initial cash invested.
-7.31%
Cash On Cash
4.66%
Cap Rate
0.75
DSCR
$2,859
Rent
-$598
Cashflow
Cash Flow
$2,859 income − $3,457 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,157
Downpayment
20%
$76,340
Closing costs
1%
$3,817
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,859
Total Expenses
$3,457
Mortgage P&I
69%
$1,966
Property Taxes
13%
$380
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314