This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $99,144 initial cash invested.
-2.08%
Cash On Cash
6.28%
Cap Rate
0.98
DSCR
$3,292
Rent
-$172
Cashflow
Cash Flow
$3,292 income − $3,464 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,144
Downpayment
20%
$77,280
Closing costs
1%
$3,864
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,292
Total Expenses
$3,464
Mortgage P&I
63%
$2,061
Property Taxes
4%
$144
Home Insurance
4%
$139
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362