This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $97,800 initial cash invested.
-2.69%
Cash On Cash
5.9%
Cap Rate
0.95
DSCR
$3,123
Rent
-$219
Cashflow
Cash Flow
$3,123 income − $3,342 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$3,342
Mortgage P&I
63%
$1,962
Property Taxes
6%
$184
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344