This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $98,325 initial cash invested.
-6.98%
Cash On Cash
5.26%
Cap Rate
0.79
DSCR
$2,924
Rent
-$572
Cashflow
Cash Flow
$2,924 income − $3,496 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,325
Downpayment
20%
$76,500
Closing costs
1%
$3,825
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,924
Total Expenses
$3,496
Mortgage P&I
73%
$2,133
Property Taxes
8%
$233
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322