This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $98,115 initial cash invested.
-8.34%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,487
Rent
-$682
Cashflow
Cash Flow
$2,487 income − $3,169 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,115
Downpayment
20%
$76,300
Closing costs
1%
$3,815
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$3,169
Mortgage P&I
84%
$2,088
Property Taxes
4%
$100
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274