This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $97,989 initial cash invested.
-3.81%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$3,424
Rent
-$311
Cashflow
Cash Flow
$3,424 income − $3,735 expenses = $311 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,424
Total Expenses
$3,735
Mortgage P&I
60%
$2,057
Property Taxes
11%
$371
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377