This property looks like a bad Mid-Term investment with a projected -42.28% first-year return on $99,375 initial cash invested.
-42.28%
Cash On Cash
-4.03%
Cap Rate
-0.64
DSCR
$3,724
Rent
-$3,501
Cashflow
Cash Flow
$3,724 income − $7,225 expenses = $3,501 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,375
Downpayment
20%
$77,500
Closing costs
1%
$3,875
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,724
Total Expenses
$7,225
Mortgage P&I
55%
$2,050
Property Taxes
101%
$3,772
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410