This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $96,939 initial cash invested.
-4.52%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$2,786
Rent
-$365
Cashflow
Cash Flow
$2,786 income − $3,151 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,939
Downpayment
20%
$75,180
Closing costs
1%
$3,759
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,151
Mortgage P&I
72%
$2,013
Property Taxes
2%
$56
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306