This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $99,249 initial cash invested.
-0.85%
Cash On Cash
6.5%
Cap Rate
1.04
DSCR
$3,918
Rent
-$70
Cashflow
Cash Flow
$3,918 income − $3,988 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,249
Downpayment
20%
$77,380
Closing costs
1%
$3,869
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,918
Total Expenses
$3,988
Mortgage P&I
51%
$2,010
Property Taxes
10%
$409
Home Insurance
3%
$136
HOA
3%
$100
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431