This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $98,850 initial cash invested.
-0.73%
Cash On Cash
6.73%
Cap Rate
1.04
DSCR
$3,729
Rent
-$60
Cashflow
Cash Flow
$3,729 income − $3,789 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,729
Total Expenses
$3,789
Mortgage P&I
55%
$2,069
Property Taxes
9%
$318
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410