This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $98,871 initial cash invested.
-3.48%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$3,584
Rent
-$287
Cashflow
Cash Flow
$3,584 income − $3,871 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,871
Downpayment
20%
$77,020
Closing costs
1%
$3,851
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$3,871
Mortgage P&I
59%
$2,122
Property Taxes
9%
$329
Home Insurance
4%
$147
HOA
2%
$55
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394