This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $99,186 initial cash invested.
-6.94%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$2,878
Rent
-$574
Cashflow
Cash Flow
$2,878 income − $3,452 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,186
Downpayment
20%
$77,320
Closing costs
1%
$3,866
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$3,452
Mortgage P&I
73%
$2,103
Property Taxes
8%
$231
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317