This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $98,325 initial cash invested.
-3.22%
Cash On Cash
6.03%
Cap Rate
0.94
DSCR
$3,480
Rent
-$264
Cashflow
Cash Flow
$3,480 income − $3,744 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$3,744
Mortgage P&I
59%
$2,047
Property Taxes
10%
$346
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383