This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $97,842 initial cash invested.
-2.7%
Cash On Cash
5.85%
Cap Rate
0.95
DSCR
$3,308
Rent
-$220
Cashflow
Cash Flow
$3,308 income − $3,528 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,842
Downpayment
20%
$76,040
Closing costs
1%
$3,802
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,308
Total Expenses
$3,528
Mortgage P&I
59%
$1,942
Property Taxes
9%
$313
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364