This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $96,120 initial cash invested.
-5.19%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$3,126
Rent
-$416
Cashflow
Cash Flow
$3,126 income − $3,542 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,126
Total Expenses
$3,542
Mortgage P&I
66%
$2,049
Property Taxes
10%
$297
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344