This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $97,800 initial cash invested.
-8.21%
Cash On Cash
4.9%
Cap Rate
0.73
DSCR
$2,638
Rent
-$669
Cashflow
Cash Flow
$2,638 income − $3,307 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,638
Total Expenses
$3,307
Mortgage P&I
80%
$2,115
Property Taxes
6%
$161
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290