This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $98,598 initial cash invested.
-9.32%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$2,936
Rent
-$766
Cashflow
Cash Flow
$2,936 income − $3,702 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,598
Downpayment
20%
$76,760
Closing costs
1%
$3,838
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,936
Total Expenses
$3,702
Mortgage P&I
73%
$2,129
Property Taxes
15%
$438
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323