This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $97,926 initial cash invested.
-1.63%
Cash On Cash
6.49%
Cap Rate
1.01
DSCR
$3,934
Rent
-$133
Cashflow
Cash Flow
$3,934 income − $4,067 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,926
Downpayment
20%
$76,120
Closing costs
1%
$3,806
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,934
Total Expenses
$4,067
Mortgage P&I
52%
$2,034
Property Taxes
14%
$565
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433