This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $97,779 initial cash invested.
-7.84%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$2,864
Rent
-$639
Cashflow
Cash Flow
$2,864 income − $3,503 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,864
Total Expenses
$3,503
Mortgage P&I
72%
$2,048
Property Taxes
12%
$347
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315