This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $97,798 initial cash invested.
-0.33%
Cash On Cash
6.61%
Cap Rate
1.05
DSCR
$3,238
Rent
-$27
Cashflow
Cash Flow
$3,238 income − $3,265 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,798
Downpayment
20%
$75,998
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,238
Total Expenses
$3,265
Mortgage P&I
61%
$1,991
Property Taxes
0%
$9
Home Insurance
4%
$133
HOA
1%
$30
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356