This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $97,989 initial cash invested.
-3.78%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$3,009
Rent
-$309
Cashflow
Cash Flow
$3,009 income − $3,318 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,989
Downpayment
20%
$76,180
Closing costs
1%
$3,809
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,009
Total Expenses
$3,318
Mortgage P&I
70%
$2,098
Property Taxes
2%
$58
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331