This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $98,850 initial cash invested.
-5.49%
Cash On Cash
5.26%
Cap Rate
0.84
DSCR
$3,014
Rent
-$452
Cashflow
Cash Flow
$3,014 income − $3,466 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,014
Total Expenses
$3,466
Mortgage P&I
67%
$2,017
Property Taxes
10%
$288
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332