This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $97,506 initial cash invested.
-6.07%
Cash On Cash
5.04%
Cap Rate
0.81
DSCR
$3,264
Rent
-$493
Cashflow
Cash Flow
$3,264 income − $3,757 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$3,757
Mortgage P&I
60%
$1,951
Property Taxes
17%
$555
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359