This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $98,892 initial cash invested.
-1.4%
Cash On Cash
6.88%
Cap Rate
1.03
DSCR
$4,240
Rent
-$115
Cashflow
Cash Flow
$4,240 income − $4,355 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,892
Downpayment
20%
$77,040
Closing costs
1%
$3,852
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,240
Total Expenses
$4,355
Mortgage P&I
51%
$2,154
Property Taxes
15%
$623
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466