This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $97,779 initial cash invested.
-3.41%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$2,984
Rent
-$278
Cashflow
Cash Flow
$2,984 income − $3,262 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,984
Total Expenses
$3,262
Mortgage P&I
68%
$2,036
Property Taxes
3%
$79
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328