This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $98,871 initial cash invested.
-6.37%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$2,854
Rent
-$525
Cashflow
Cash Flow
$2,854 income − $3,379 expenses = $525 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
$2,854
Total Expenses
$3,379
Mortgage P&I
74%
$2,108
Property Taxes
7%
$201
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314