This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $96,582 initial cash invested.
-3.67%
Cash On Cash
5.72%
Cap Rate
0.91
DSCR
$3,190
Rent
-$295
Cashflow
Cash Flow
$3,190 income − $3,485 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,190
Total Expenses
$3,485
Mortgage P&I
61%
$1,950
Property Taxes
10%
$314
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351