This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $97,422 initial cash invested.
-3.42%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,414
Rent
-$278
Cashflow
Cash Flow
$3,414 income − $3,692 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,422
Downpayment
20%
$75,640
Closing costs
1%
$3,782
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,414
Total Expenses
$3,692
Mortgage P&I
60%
$2,060
Property Taxes
8%
$260
Home Insurance
4%
$145
HOA
2%
$65
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376