This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $98,850 initial cash invested.
-10.27%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,588
Rent
-$846
Cashflow
Cash Flow
$2,588 income − $3,434 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,588
Total Expenses
$3,434
Mortgage P&I
82%
$2,127
Property Taxes
11%
$290
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285