This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $98,535 initial cash invested.
-14.52%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$3,206
Rent
-$1,192
Cashflow
Cash Flow
$3,206 income − $4,398 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,206
Total Expenses
$4,398
Mortgage P&I
64%
$2,050
Property Taxes
32%
$1,018
Home Insurance
7%
$240
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353