This property looks like a bad Mid-Term investment with a projected -9.72% first-year return on $98,682 initial cash invested.
-9.72%
Cash On Cash
4.64%
Cap Rate
0.69
DSCR
$3,352
Rent
-$799
Cashflow
Cash Flow
$3,352 income − $4,151 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,682
Downpayment
20%
$76,840
Closing costs
1%
$3,842
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,352
Total Expenses
$4,151
Mortgage P&I
64%
$2,149
Property Taxes
22%
$726
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369