This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $99,438 initial cash invested.
-3.58%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$3,558
Rent
-$297
Cashflow
Cash Flow
$3,558 income − $3,855 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,438
Downpayment
20%
$77,560
Closing costs
1%
$3,878
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,558
Total Expenses
$3,855
Mortgage P&I
60%
$2,143
Property Taxes
10%
$363
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391