This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $96,477 initial cash invested.
-3.37%
Cash On Cash
6.1%
Cap Rate
0.94
DSCR
$3,717
Rent
-$271
Cashflow
Cash Flow
$3,717 income − $3,988 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,477
Downpayment
20%
$74,740
Closing costs
1%
$3,737
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,717
Total Expenses
$3,988
Mortgage P&I
54%
$2,023
Property Taxes
15%
$564
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409