This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $99,081 initial cash invested.
-2.26%
Cash On Cash
6.52%
Cap Rate
0.98
DSCR
$3,360
Rent
-$187
Cashflow
Cash Flow
$3,360 income − $3,547 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$3,547
Mortgage P&I
64%
$2,151
Property Taxes
3%
$116
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370