This property looks like a bad Mid-Term investment with a projected -10.94% first-year return on $99,018 initial cash invested.
-10.94%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$2,190
Rent
-$903
Cashflow
Cash Flow
$2,190 income − $3,093 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,018
Downpayment
20%
$77,160
Closing costs
1%
$3,858
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,190
Total Expenses
$3,093
Mortgage P&I
91%
$1,993
Property Taxes
8%
$179
Home Insurance
8%
$175
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241