This property looks like a bad Mid-Term investment with a projected -5.71% first-year return on $97,359 initial cash invested.
-5.71%
Cash On Cash
5.57%
Cap Rate
0.84
DSCR
$3,050
Rent
-$463
Cashflow
Cash Flow
$3,050 income − $3,513 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,359
Downpayment
20%
$75,580
Closing costs
1%
$3,779
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,050
Total Expenses
$3,513
Mortgage P&I
69%
$2,096
Property Taxes
8%
$247
Home Insurance
4%
$132
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336