This property looks like a bad Mid-Term investment with a projected -3% first-year return on $98,493 initial cash invested.
-3%
Cash On Cash
5.71%
Cap Rate
0.94
DSCR
$3,100
Rent
-$246
Cashflow
Cash Flow
$3,100 income − $3,346 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,100
Total Expenses
$3,346
Mortgage P&I
63%
$1,945
Property Taxes
6%
$188
Home Insurance
4%
$133
HOA
1%
$26
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341