This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $97,863 initial cash invested.
-0.5%
Cash On Cash
7.06%
Cap Rate
1.06
DSCR
$4,275
Rent
-$41
Cashflow
Cash Flow
$4,275 income − $4,316 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,863
Downpayment
20%
$76,060
Closing costs
1%
$3,803
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,275
Total Expenses
$4,316
Mortgage P&I
49%
$2,108
Property Taxes
14%
$620
Home Insurance
3%
$135
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470