This property looks like a bad Mid-Term investment with a projected -15.16% first-year return on $97,779 initial cash invested.
-15.16%
Cash On Cash
3.05%
Cap Rate
0.45
DSCR
$1,845
Rent
-$1,235
Cashflow
Cash Flow
$1,845 income − $3,080 expenses = $1,235 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,845
Total Expenses
$3,080
Mortgage P&I
115%
$2,125
Property Taxes
11%
$195
Home Insurance
7%
$133
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203