This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $98,703 initial cash invested.
-3.17%
Cash On Cash
6.22%
Cap Rate
0.94
DSCR
$3,372
Rent
-$261
Cashflow
Cash Flow
$3,372 income − $3,633 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,703
Downpayment
20%
$76,860
Closing costs
1%
$3,843
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$3,633
Mortgage P&I
63%
$2,118
Property Taxes
7%
$228
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371