This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $99,375 initial cash invested.
-3.32%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$3,098
Rent
-$275
Cashflow
Cash Flow
$3,098 income − $3,373 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,373
Mortgage P&I
67%
$2,085
Property Taxes
3%
$98
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341