This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $99,165 initial cash invested.
-10.15%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$2,598
Rent
-$839
Cashflow
Cash Flow
$2,598 income − $3,437 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,165
Downpayment
20%
$77,300
Closing costs
1%
$3,865
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$3,437
Mortgage P&I
80%
$2,073
Property Taxes
13%
$344
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286