This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $99,312 initial cash invested.
-6.83%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$3,916
Rent
-$565
Cashflow
Cash Flow
$3,916 income − $4,481 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,312
Downpayment
20%
$77,440
Closing costs
1%
$3,872
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,916
Total Expenses
$4,481
Mortgage P&I
55%
$2,148
Property Taxes
22%
$861
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431