This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $96,939 initial cash invested.
-1.63%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$3,574
Rent
-$132
Cashflow
Cash Flow
$3,574 income − $3,706 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,939
Downpayment
20%
$75,180
Closing costs
1%
$3,759
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,574
Total Expenses
$3,706
Mortgage P&I
56%
$2,009
Property Taxes
10%
$346
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393