This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $98,367 initial cash invested.
-2.57%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$3,477
Rent
-$211
Cashflow
Cash Flow
$3,477 income − $3,688 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,367
Downpayment
20%
$76,540
Closing costs
1%
$3,827
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,477
Total Expenses
$3,688
Mortgage P&I
60%
$2,088
Property Taxes
8%
$279
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382