This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $98,850 initial cash invested.
-1.58%
Cash On Cash
6.72%
Cap Rate
1.01
DSCR
$3,855
Rent
-$130
Cashflow
Cash Flow
$3,855 income − $3,985 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$3,985
Mortgage P&I
55%
$2,131
Property Taxes
11%
$408
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424