This property looks like a bad Mid-Term investment with a projected -14.53% first-year return on $98,220 initial cash invested.
-14.53%
Cash On Cash
3.22%
Cap Rate
0.48
DSCR
$1,982
Rent
-$1,189
Cashflow
Cash Flow
$1,982 income − $3,171 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,220
Downpayment
20%
$76,400
Closing costs
1%
$3,820
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,982
Total Expenses
$3,171
Mortgage P&I
108%
$2,134
Property Taxes
12%
$230
Home Insurance
7%
$134
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218