This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $97,779 initial cash invested.
-4.68%
Cash On Cash
5.97%
Cap Rate
0.88
DSCR
$3,152
Rent
-$381
Cashflow
Cash Flow
$3,152 income − $3,533 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,779
Downpayment
20%
$75,980
Closing costs
1%
$3,799
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,533
Mortgage P&I
68%
$2,144
Property Taxes
6%
$181
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347