This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $98,535 initial cash invested.
-4.83%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$2,726
Rent
-$397
Cashflow
Cash Flow
$2,726 income − $3,123 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$384k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,535
Downpayment
20%
$76,700
Closing costs
1%
$3,835
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$3,123
Mortgage P&I
72%
$1,954
Property Taxes
4%
$102
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300