This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $97,317 initial cash invested.
-7.68%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$2,900
Rent
-$623
Cashflow
Cash Flow
$2,900 income − $3,523 expenses = $623 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,317
Downpayment
20%
$75,540
Closing costs
1%
$3,777
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,900
Total Expenses
$3,523
Mortgage P&I
72%
$2,091
Property Taxes
10%
$283
Home Insurance
5%
$133
HOA
1%
$30
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319