This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $99,522 initial cash invested.
-7.26%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$3,654
Rent
-$602
Cashflow
Cash Flow
$3,654 income − $4,256 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,522
Downpayment
20%
$77,640
Closing costs
1%
$3,882
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$4,256
Mortgage P&I
58%
$2,111
Property Taxes
20%
$745
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402