This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $99,480 initial cash invested.
-6.69%
Cash On Cash
4.78%
Cap Rate
0.77
DSCR
$2,580
Rent
-$555
Cashflow
Cash Flow
$2,580 income − $3,135 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$3,135
Mortgage P&I
77%
$1,999
Property Taxes
5%
$123
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284