This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $98,850 initial cash invested.
-1.59%
Cash On Cash
6.18%
Cap Rate
1.01
DSCR
$3,852
Rent
-$131
Cashflow
Cash Flow
$3,852 income − $3,983 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,852
Total Expenses
$3,983
Mortgage P&I
51%
$1,959
Property Taxes
15%
$583
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424