This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $97,779 initial cash invested.
-7.02%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$2,990
Rent
-$572
Cashflow
Cash Flow
$2,990 income − $3,562 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,562
Mortgage P&I
70%
$2,094
Property Taxes
8%
$236
Home Insurance
5%
$158
HOA
2%
$56
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329