This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $97,737 initial cash invested.
-4.2%
Cash On Cash
5.9%
Cap Rate
0.9
DSCR
$3,116
Rent
-$342
Cashflow
Cash Flow
$3,116 income − $3,458 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,737
Downpayment
20%
$75,940
Closing costs
1%
$3,797
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,458
Mortgage P&I
67%
$2,083
Property Taxes
6%
$175
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343