This property looks like a bad Mid-Term investment with a projected -1.02% first-year return on $98,556 initial cash invested.
-1.02%
Cash On Cash
6.61%
Cap Rate
1.03
DSCR
$3,424
Rent
-$84
Cashflow
Cash Flow
$3,424 income − $3,508 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,556
Downpayment
20%
$76,720
Closing costs
1%
$3,836
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,424
Total Expenses
$3,508
Mortgage P&I
60%
$2,061
Property Taxes
4%
$147
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377