This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $97,779 initial cash invested.
-7.57%
Cash On Cash
5.16%
Cap Rate
0.76
DSCR
$2,754
Rent
-$617
Cashflow
Cash Flow
$2,754 income − $3,371 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$3,371
Mortgage P&I
78%
$2,141
Property Taxes
6%
$161
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303