This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $97,191 initial cash invested.
-2.11%
Cash On Cash
6.3%
Cap Rate
0.98
DSCR
$3,252
Rent
-$171
Cashflow
Cash Flow
$3,252 income − $3,423 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,191
Downpayment
20%
$75,420
Closing costs
1%
$3,771
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,252
Total Expenses
$3,423
Mortgage P&I
62%
$2,021
Property Taxes
5%
$147
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358