This property looks like a bad Mid-Term investment with a projected -13.39% first-year return on $97,798 initial cash invested.
-13.39%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$2,780
Rent
-$1,091
Cashflow
Cash Flow
$2,780 income − $3,871 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,798
Downpayment
20%
$75,998
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$3,871
Mortgage P&I
76%
$2,119
Property Taxes
23%
$632
Home Insurance
5%
$133
HOA
2%
$42
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306