This property looks like a bad Mid-Term investment with a projected -9.68% first-year return on $98,976 initial cash invested.
-9.68%
Cash On Cash
4.1%
Cap Rate
0.65
DSCR
$2,402
Rent
-$798
Cashflow
Cash Flow
$2,402 income − $3,200 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,976
Downpayment
20%
$77,120
Closing costs
1%
$3,856
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,402
Total Expenses
$3,200
Mortgage P&I
84%
$2,018
Property Taxes
9%
$226
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264