This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $98,115 initial cash invested.
-8.73%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$3,044
Rent
-$714
Cashflow
Cash Flow
$3,044 income − $3,758 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,044
Total Expenses
$3,758
Mortgage P&I
65%
$1,968
Property Taxes
20%
$615
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335