This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $97,821 initial cash invested.
-3.02%
Cash On Cash
6.42%
Cap Rate
0.95
DSCR
$3,552
Rent
-$246
Cashflow
Cash Flow
$3,552 income − $3,798 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,821
Downpayment
20%
$76,020
Closing costs
1%
$3,801
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,552
Total Expenses
$3,798
Mortgage P&I
60%
$2,136
Property Taxes
8%
$288
Home Insurance
4%
$136
HOA
1%
$30
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391