This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $96,351 initial cash invested.
-2.74%
Cash On Cash
6.16%
Cap Rate
0.96
DSCR
$3,438
Rent
-$220
Cashflow
Cash Flow
$3,438 income − $3,658 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,351
Downpayment
20%
$74,620
Closing costs
1%
$3,731
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,438
Total Expenses
$3,658
Mortgage P&I
58%
$1,997
Property Taxes
10%
$356
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378