This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $98,451 initial cash invested.
-0.4%
Cash On Cash
6.85%
Cap Rate
1.06
DSCR
$3,748
Rent
-$33
Cashflow
Cash Flow
$3,748 income − $3,781 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,451
Downpayment
20%
$76,620
Closing costs
1%
$3,831
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,748
Total Expenses
$3,781
Mortgage P&I
55%
$2,069
Property Taxes
8%
$304
Home Insurance
4%
$134
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412