This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $98,640 initial cash invested.
-5.49%
Cash On Cash
5.58%
Cap Rate
0.84
DSCR
$3,051
Rent
-$451
Cashflow
Cash Flow
$3,051 income − $3,502 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,640
Downpayment
20%
$76,800
Closing costs
1%
$3,840
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,051
Total Expenses
$3,502
Mortgage P&I
69%
$2,115
Property Taxes
7%
$215
Home Insurance
4%
$134
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336