This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $97,800 initial cash invested.
-4.12%
Cash On Cash
5.99%
Cap Rate
0.91
DSCR
$3,416
Rent
-$336
Cashflow
Cash Flow
$3,416 income − $3,752 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,416
Total Expenses
$3,752
Mortgage P&I
61%
$2,097
Property Taxes
10%
$358
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376