This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $96,393 initial cash invested.
-5.84%
Cash On Cash
5.1%
Cap Rate
0.83
DSCR
$3,360
Rent
-$469
Cashflow
Cash Flow
$3,360 income − $3,829 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,393
Downpayment
20%
$74,660
Closing costs
1%
$3,733
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,360
Total Expenses
$3,829
Mortgage P&I
57%
$1,921
Property Taxes
19%
$633
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370