This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $96,141 initial cash invested.
-2.26%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$3,363
Rent
-$181
Cashflow
Cash Flow
$3,363 income − $3,544 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,141
Downpayment
20%
$74,420
Closing costs
1%
$3,721
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,363
Total Expenses
$3,544
Mortgage P&I
61%
$2,037
Property Taxes
7%
$230
Home Insurance
4%
$132
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370