This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $97,884 initial cash invested.
-10.81%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$2,841
Rent
-$882
Cashflow
Cash Flow
$2,841 income − $3,723 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,884
Downpayment
20%
$76,080
Closing costs
1%
$3,804
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$3,723
Mortgage P&I
71%
$2,016
Property Taxes
21%
$605
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313