This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $99,522 initial cash invested.
-9.2%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,984
Rent
-$763
Cashflow
Cash Flow
$2,984 income − $3,747 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,522
Downpayment
20%
$77,640
Closing costs
1%
$3,882
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$3,747
Mortgage P&I
72%
$2,138
Property Taxes
15%
$455
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328