This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $98,850 initial cash invested.
-0.21%
Cash On Cash
6.92%
Cap Rate
1.07
DSCR
$3,838
Rent
-$17
Cashflow
Cash Flow
$3,838 income − $3,855 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,838
Total Expenses
$3,855
Mortgage P&I
54%
$2,084
Property Taxes
9%
$330
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422