This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $99,270 initial cash invested.
-2.85%
Cash On Cash
6.38%
Cap Rate
0.95
DSCR
$3,471
Rent
-$236
Cashflow
Cash Flow
$3,471 income − $3,707 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,270
Downpayment
20%
$77,400
Closing costs
1%
$3,870
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,471
Total Expenses
$3,707
Mortgage P&I
62%
$2,153
Property Taxes
7%
$233
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382