This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $98,283 initial cash invested.
-5.04%
Cash On Cash
5.26%
Cap Rate
0.86
DSCR
$3,411
Rent
-$413
Cashflow
Cash Flow
$3,411 income − $3,824 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,283
Downpayment
20%
$76,460
Closing costs
1%
$3,823
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,411
Total Expenses
$3,824
Mortgage P&I
57%
$1,954
Property Taxes
17%
$572
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375