This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $97,800 initial cash invested.
-3.94%
Cash On Cash
5.42%
Cap Rate
0.89
DSCR
$2,916
Rent
-$321
Cashflow
Cash Flow
$2,916 income − $3,237 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,800
Downpayment
20%
$76,000
Closing costs
1%
$3,800
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,237
Mortgage P&I
66%
$1,920
Property Taxes
7%
$192
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321