This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $97,779 initial cash invested.
-3.55%
Cash On Cash
6.23%
Cap Rate
0.93
DSCR
$3,472
Rent
-$289
Cashflow
Cash Flow
$3,472 income − $3,761 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,472
Total Expenses
$3,761
Mortgage P&I
61%
$2,123
Property Taxes
9%
$307
Home Insurance
4%
$133
HOA
0%
$17
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382