This property looks like a bad Mid-Term investment with a projected -7.66% first-year return on $96,918 initial cash invested.
-7.66%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$2,770
Rent
-$619
Cashflow
Cash Flow
$2,770 income − $3,389 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,918
Downpayment
20%
$75,160
Closing costs
1%
$3,758
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,770
Total Expenses
$3,389
Mortgage P&I
74%
$2,037
Property Taxes
12%
$336
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305