This property looks like a bad Mid-Term investment with a projected -8.76% first-year return on $98,535 initial cash invested.
-8.76%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$3,495
Rent
-$719
Cashflow
Cash Flow
$3,495 income − $4,214 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$4,214
Mortgage P&I
60%
$2,087
Property Taxes
11%
$398
Home Insurance
4%
$137
HOA
12%
$404
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384