This property looks like a bad Mid-Term investment with a projected -9.7% first-year return on $98,829 initial cash invested.
-9.7%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$2,444
Rent
-$799
Cashflow
Cash Flow
$2,444 income − $3,243 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$3,243
Mortgage P&I
86%
$2,107
Property Taxes
7%
$170
Home Insurance
6%
$135
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269