This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $99,396 initial cash invested.
-7.62%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$3,210
Rent
-$631
Cashflow
Cash Flow
$3,210 income − $3,841 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,210
Total Expenses
$3,841
Mortgage P&I
65%
$2,102
Property Taxes
14%
$457
Home Insurance
6%
$184
HOA
0%
$8
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353