This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $98,430 initial cash invested.
-4.9%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$2,892
Rent
-$402
Cashflow
Cash Flow
$2,892 income − $3,294 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,430
Downpayment
20%
$76,600
Closing costs
1%
$3,830
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,892
Total Expenses
$3,294
Mortgage P&I
71%
$2,051
Property Taxes
7%
$189
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318