This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $97,905 initial cash invested.
-4.38%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$3,018
Rent
-$357
Cashflow
Cash Flow
$3,018 income − $3,375 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,905
Downpayment
20%
$76,100
Closing costs
1%
$3,805
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$3,375
Mortgage P&I
64%
$1,942
Property Taxes
9%
$271
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332