This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $97,590 initial cash invested.
-4.33%
Cash On Cash
5.54%
Cap Rate
0.89
DSCR
$3,288
Rent
-$352
Cashflow
Cash Flow
$3,288 income − $3,640 expenses = $352 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
$3,288
Total Expenses
$3,640
Mortgage P&I
60%
$1,971
Property Taxes
13%
$416
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362