This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $98,010 initial cash invested.
-0.75%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$3,904
Rent
-$61
Cashflow
Cash Flow
$3,904 income − $3,965 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,010
Downpayment
20%
$76,200
Closing costs
1%
$3,810
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,904
Total Expenses
$3,965
Mortgage P&I
54%
$2,097
Property Taxes
11%
$420
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429