This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $98,703 initial cash invested.
-1.59%
Cash On Cash
6.1%
Cap Rate
1
DSCR
$3,141
Rent
-$131
Cashflow
Cash Flow
$3,141 income − $3,272 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,141
Total Expenses
$3,272
Mortgage P&I
62%
$1,958
Property Taxes
3%
$109
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346