This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $98,493 initial cash invested.
-7.21%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$2,852
Rent
-$592
Cashflow
Cash Flow
$2,852 income − $3,444 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,493
Downpayment
20%
$76,660
Closing costs
1%
$3,833
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$3,444
Mortgage P&I
74%
$2,101
Property Taxes
6%
$171
Home Insurance
5%
$136
HOA
2%
$66
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314