This property looks like a bad Mid-Term investment with a projected -10.02% first-year return on $98,850 initial cash invested.
-10.02%
Cash On Cash
3.94%
Cap Rate
0.63
DSCR
$2,127
Rent
-$825
Cashflow
Cash Flow
$2,127 income − $2,952 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,127
Total Expenses
$2,952
Mortgage P&I
94%
$2,004
Property Taxes
4%
$90
Home Insurance
6%
$135
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234