This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $98,430 initial cash invested.
-2.15%
Cash On Cash
6.27%
Cap Rate
0.99
DSCR
$3,864
Rent
-$176
Cashflow
Cash Flow
$3,864 income − $4,040 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,430
Downpayment
20%
$76,600
Closing costs
1%
$3,830
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$4,040
Mortgage P&I
52%
$2,023
Property Taxes
15%
$562
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425