This property looks like a bad Mid-Term investment with a projected -19.75% first-year return on $97,779 initial cash invested.
-19.75%
Cash On Cash
1.23%
Cap Rate
0.2
DSCR
$1,794
Rent
-$1,609
Cashflow
Cash Flow
$1,794 income − $3,403 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,794
Total Expenses
$3,403
Mortgage P&I
107%
$1,927
Property Taxes
41%
$733
Home Insurance
7%
$133
HOA
0%
$0
Property Management
12%
$215
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$197