This property looks like a bad Mid-Term investment with a projected -9.82% first-year return on $98,115 initial cash invested.
-9.82%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$2,594
Rent
-$803
Cashflow
Cash Flow
$2,594 income − $3,397 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$3,397
Mortgage P&I
78%
$2,026
Property Taxes
13%
$349
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285