This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $96,498 initial cash invested.
-2.65%
Cash On Cash
6.09%
Cap Rate
0.96
DSCR
$3,148
Rent
-$213
Cashflow
Cash Flow
$3,148 income − $3,361 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,498
Downpayment
20%
$74,760
Closing costs
1%
$3,738
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,148
Total Expenses
$3,361
Mortgage P&I
63%
$1,983
Property Taxes
6%
$173
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346