This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $97,779 initial cash invested.
-7.28%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$2,952
Rent
-$593
Cashflow
Cash Flow
$2,952 income − $3,545 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,952
Total Expenses
$3,545
Mortgage P&I
70%
$2,081
Property Taxes
11%
$323
Home Insurance
5%
$137
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325