This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $96,519 initial cash invested.
-6.73%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$3,036
Rent
-$541
Cashflow
Cash Flow
$3,036 income − $3,577 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,036
Total Expenses
$3,577
Mortgage P&I
69%
$2,094
Property Taxes
11%
$330
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334