This property looks like a bad Mid-Term investment with a projected -4.91% first-year return on $97,695 initial cash invested.
-4.91%
Cash On Cash
5.51%
Cap Rate
0.86
DSCR
$2,961
Rent
-$400
Cashflow
Cash Flow
$2,961 income − $3,361 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,695
Downpayment
20%
$75,900
Closing costs
1%
$3,795
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,961
Total Expenses
$3,361
Mortgage P&I
68%
$2,024
Property Taxes
7%
$195
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326