This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $99,543 initial cash invested.
-2.77%
Cash On Cash
6.4%
Cap Rate
0.96
DSCR
$3,471
Rent
-$230
Cashflow
Cash Flow
$3,471 income − $3,701 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,543
Downpayment
20%
$77,660
Closing costs
1%
$3,883
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,471
Total Expenses
$3,701
Mortgage P&I
62%
$2,161
Property Taxes
6%
$217
Home Insurance
4%
$142
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382