This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $97,779 initial cash invested.
-0.69%
Cash On Cash
6.33%
Cap Rate
1.04
DSCR
$3,230
Rent
-$56
Cashflow
Cash Flow
$3,230 income − $3,286 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,230
Total Expenses
$3,286
Mortgage P&I
60%
$1,932
Property Taxes
4%
$123
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355