This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $98,661 initial cash invested.
-2.42%
Cash On Cash
6.6%
Cap Rate
0.98
DSCR
$4,137
Rent
-$199
Cashflow
Cash Flow
$4,137 income − $4,336 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,661
Downpayment
20%
$76,820
Closing costs
1%
$3,841
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,137
Total Expenses
$4,336
Mortgage P&I
52%
$2,148
Property Taxes
16%
$647
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455