This property looks like a bad Mid-Term investment with a projected -9.27% first-year return on $98,619 initial cash invested.
-9.27%
Cash On Cash
4.28%
Cap Rate
0.68
DSCR
$2,566
Rent
-$762
Cashflow
Cash Flow
$2,566 income − $3,328 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,619
Downpayment
20%
$76,780
Closing costs
1%
$3,839
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,566
Total Expenses
$3,328
Mortgage P&I
79%
$2,028
Property Taxes
11%
$291
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282