This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $98,514 initial cash invested.
-1.66%
Cash On Cash
6.08%
Cap Rate
1
DSCR
$3,244
Rent
-$136
Cashflow
Cash Flow
$3,244 income − $3,380 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$383k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,514
Downpayment
20%
$76,680
Closing costs
1%
$3,834
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,380
Mortgage P&I
60%
$1,949
Property Taxes
6%
$192
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357