This property looks like a bad Mid-Term investment with a projected -9.17% first-year return on $97,779 initial cash invested.
-9.17%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$2,944
Rent
-$747
Cashflow
Cash Flow
$2,944 income − $3,691 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,944
Total Expenses
$3,691
Mortgage P&I
70%
$2,069
Property Taxes
17%
$488
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324