This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $98,115 initial cash invested.
-5.17%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$3,032
Rent
-$423
Cashflow
Cash Flow
$3,032 income − $3,455 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$3,455
Mortgage P&I
68%
$2,053
Property Taxes
5%
$155
Home Insurance
5%
$158
HOA
2%
$58
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334