This property looks like a bad Mid-Term investment with a projected -13.06% first-year return on $97,779 initial cash invested.
-13.06%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$2,166
Rent
-$1,064
Cashflow
Cash Flow
$2,166 income − $3,230 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,166
Total Expenses
$3,230
Mortgage P&I
96%
$2,090
Property Taxes
12%
$270
Home Insurance
6%
$133
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238