This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $97,023 initial cash invested.
-3.81%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$3,369
Rent
-$308
Cashflow
Cash Flow
$3,369 income − $3,677 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,023
Downpayment
20%
$75,260
Closing costs
1%
$3,763
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,369
Total Expenses
$3,677
Mortgage P&I
61%
$2,063
Property Taxes
10%
$335
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371