This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $97,590 initial cash invested.
-10.67%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$2,186
Rent
-$868
Cashflow
Cash Flow
$2,186 income − $3,054 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,186
Total Expenses
$3,054
Mortgage P&I
91%
$1,981
Property Taxes
9%
$198
Home Insurance
6%
$133
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240