This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $99,018 initial cash invested.
-5.73%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$2,816
Rent
-$473
Cashflow
Cash Flow
$2,816 income − $3,289 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,018
Downpayment
20%
$77,160
Closing costs
1%
$3,858
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$3,289
Mortgage P&I
75%
$2,098
Property Taxes
3%
$93
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310