This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $98,850 initial cash invested.
-0.79%
Cash On Cash
6.82%
Cap Rate
1.04
DSCR
$3,801
Rent
-$65
Cashflow
Cash Flow
$3,801 income − $3,866 expenses = $65 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,801
Total Expenses
$3,866
Mortgage P&I
55%
$2,101
Property Taxes
9%
$338
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418