This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $99,522 initial cash invested.
-10.53%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$2,746
Rent
-$873
Cashflow
Cash Flow
$2,746 income − $3,619 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,746
Total Expenses
$3,619
Mortgage P&I
78%
$2,139
Property Taxes
15%
$406
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302