This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $98,682 initial cash invested.
-6.68%
Cash On Cash
5.02%
Cap Rate
0.79
DSCR
$2,862
Rent
-$549
Cashflow
Cash Flow
$2,862 income − $3,411 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,682
Downpayment
20%
$76,840
Closing costs
1%
$3,842
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,862
Total Expenses
$3,411
Mortgage P&I
71%
$2,043
Property Taxes
9%
$252
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315