This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $97,968 initial cash invested.
-3.78%
Cash On Cash
6.18%
Cap Rate
0.93
DSCR
$3,945
Rent
-$309
Cashflow
Cash Flow
$3,945 income − $4,254 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$381k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,968
Downpayment
20%
$76,160
Closing costs
1%
$3,808
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,945
Total Expenses
$4,254
Mortgage P&I
54%
$2,113
Property Taxes
17%
$664
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434