This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $98,514 initial cash invested.
-4.15%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$3,507
Rent
-$341
Cashflow
Cash Flow
$3,507 income − $3,848 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,514
Downpayment
20%
$76,680
Closing costs
1%
$3,834
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$3,848
Mortgage P&I
61%
$2,136
Property Taxes
11%
$380
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386