This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $98,766 initial cash invested.
-7.92%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$2,624
Rent
-$652
Cashflow
Cash Flow
$2,624 income − $3,276 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,624
Total Expenses
$3,276
Mortgage P&I
80%
$2,107
Property Taxes
5%
$136
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289