This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $99,459 initial cash invested.
-3.57%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$3,468
Rent
-$296
Cashflow
Cash Flow
$3,468 income − $3,764 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,459
Downpayment
20%
$77,580
Closing costs
1%
$3,879
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,468
Total Expenses
$3,764
Mortgage P&I
60%
$2,091
Property Taxes
10%
$358
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381