This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $98,766 initial cash invested.
-5.12%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$3,934
Rent
-$421
Cashflow
Cash Flow
$3,934 income − $4,355 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,766
Downpayment
20%
$76,920
Closing costs
1%
$3,846
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,934
Total Expenses
$4,355
Mortgage P&I
52%
$2,064
Property Taxes
21%
$818
Home Insurance
3%
$136
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433