This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $99,522 initial cash invested.
-3.69%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$4,053
Rent
-$306
Cashflow
Cash Flow
$4,053 income − $4,359 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,522
Downpayment
20%
$77,640
Closing costs
1%
$3,882
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,053
Total Expenses
$4,359
Mortgage P&I
51%
$2,078
Property Taxes
19%
$772
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446