This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $99,312 initial cash invested.
-7.2%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$3,939
Rent
-$596
Cashflow
Cash Flow
$3,939 income − $4,535 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,535
Mortgage P&I
55%
$2,158
Property Taxes
22%
$853
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433