This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $99,291 initial cash invested.
-2.07%
Cash On Cash
6.4%
Cap Rate
0.99
DSCR
$3,783
Rent
-$171
Cashflow
Cash Flow
$3,783 income − $3,954 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,291
Downpayment
20%
$77,420
Closing costs
1%
$3,871
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,783
Total Expenses
$3,954
Mortgage P&I
55%
$2,086
Property Taxes
12%
$436
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416