This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $98,094 initial cash invested.
-2.72%
Cash On Cash
6.1%
Cap Rate
0.96
DSCR
$3,350
Rent
-$222
Cashflow
Cash Flow
$3,350 income − $3,572 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,094
Downpayment
20%
$76,280
Closing costs
1%
$3,814
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,350
Total Expenses
$3,572
Mortgage P&I
61%
$2,028
Property Taxes
7%
$250
Home Insurance
4%
$136
HOA
1%
$20
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368