This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $97,800 initial cash invested.
-2.12%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$3,612
Rent
-$173
Cashflow
Cash Flow
$3,612 income − $3,785 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,612
Total Expenses
$3,785
Mortgage P&I
57%
$2,065
Property Taxes
10%
$361
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397