This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $98,850 initial cash invested.
-14.68%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$1,838
Rent
-$1,209
Cashflow
Cash Flow
$1,838 income − $3,047 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$3,047
Mortgage P&I
109%
$2,002
Property Taxes
15%
$284
Home Insurance
7%
$135
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202