This property looks like a bad Mid-Term investment with a projected -1.09% first-year return on $99,060 initial cash invested.
-1.09%
Cash On Cash
6.67%
Cap Rate
1.03
DSCR
$3,744
Rent
-$90
Cashflow
Cash Flow
$3,744 income − $3,834 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$3,834
Mortgage P&I
56%
$2,085
Property Taxes
9%
$341
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412