This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $98,850 initial cash invested.
-1.81%
Cash On Cash
6.73%
Cap Rate
1.01
DSCR
$4,274
Rent
-$149
Cashflow
Cash Flow
$4,274 income − $4,423 expenses = $149 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
$4,274
Total Expenses
$4,423
Mortgage P&I
50%
$2,136
Property Taxes
11%
$449
Home Insurance
3%
$135
HOA
6%
$250
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470