This property looks like a bad Mid-Term investment with a projected -13.26% first-year return on $98,850 initial cash invested.
-13.26%
Cash On Cash
3.58%
Cap Rate
0.53
DSCR
$2,230
Rent
-$1,092
Cashflow
Cash Flow
$2,230 income − $3,322 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,230
Total Expenses
$3,322
Mortgage P&I
97%
$2,153
Property Taxes
12%
$276
Home Insurance
6%
$135
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245