This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $98,703 initial cash invested.
-4.84%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$3,894
Rent
-$398
Cashflow
Cash Flow
$3,894 income − $4,292 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,894
Total Expenses
$4,292
Mortgage P&I
55%
$2,132
Property Taxes
17%
$671
Home Insurance
3%
$136
HOA
1%
$29
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428