This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $96,960 initial cash invested.
-3.5%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$3,166
Rent
-$283
Cashflow
Cash Flow
$3,166 income − $3,449 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$3,449
Mortgage P&I
65%
$2,045
Property Taxes
6%
$194
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348