This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $98,829 initial cash invested.
-2.43%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$3,098
Rent
-$200
Cashflow
Cash Flow
$3,098 income − $3,298 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,298
Mortgage P&I
68%
$2,105
Property Taxes
0%
$4
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341