This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $99,144 initial cash invested.
-6.22%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$3,066
Rent
-$514
Cashflow
Cash Flow
$3,066 income − $3,580 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,144
Downpayment
20%
$77,280
Closing costs
1%
$3,864
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,066
Total Expenses
$3,580
Mortgage P&I
64%
$1,977
Property Taxes
14%
$425
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337