This property looks like a bad Mid-Term investment with a projected -8.17% first-year return on $98,850 initial cash invested.
-8.17%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$3,234
Rent
-$673
Cashflow
Cash Flow
$3,234 income − $3,907 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,234
Total Expenses
$3,907
Mortgage P&I
65%
$2,111
Property Taxes
17%
$562
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356