This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $97,296 initial cash invested.
-1.97%
Cash On Cash
6.33%
Cap Rate
0.98
DSCR
$3,201
Rent
-$160
Cashflow
Cash Flow
$3,201 income − $3,361 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,296
Downpayment
20%
$75,520
Closing costs
1%
$3,776
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$3,361
Mortgage P&I
63%
$2,024
Property Taxes
4%
$113
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352