This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $98,220 initial cash invested.
-1.95%
Cash On Cash
6.04%
Cap Rate
0.98
DSCR
$3,088
Rent
-$160
Cashflow
Cash Flow
$3,088 income − $3,248 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$382k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,220
Downpayment
20%
$76,400
Closing costs
1%
$3,820
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,088
Total Expenses
$3,248
Mortgage P&I
63%
$1,960
Property Taxes
3%
$79
Home Insurance
5%
$140
HOA
1%
$17
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340