This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $97,023 initial cash invested.
-3.82%
Cash On Cash
5.63%
Cap Rate
0.9
DSCR
$2,840
Rent
-$309
Cashflow
Cash Flow
$2,840 income − $3,149 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,840
Total Expenses
$3,149
Mortgage P&I
69%
$1,959
Property Taxes
3%
$86
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312