This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $97,800 initial cash invested.
-5.99%
Cash On Cash
5.12%
Cap Rate
0.82
DSCR
$3,057
Rent
-$488
Cashflow
Cash Flow
$3,057 income − $3,545 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,057
Total Expenses
$3,545
Mortgage P&I
65%
$1,987
Property Taxes
13%
$384
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336