This property looks like a bad Mid-Term investment with a projected -9.25% first-year return on $97,800 initial cash invested.
-9.25%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,608
Rent
-$754
Cashflow
Cash Flow
$2,608 income − $3,362 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$3,362
Mortgage P&I
81%
$2,117
Property Taxes
8%
$201
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287