This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $97,422 initial cash invested.
-8.73%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$2,112
Rent
-$709
Cashflow
Cash Flow
$2,112 income − $2,821 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,422
Downpayment
20%
$75,640
Closing costs
1%
$3,782
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,112
Total Expenses
$2,821
Mortgage P&I
93%
$1,958
Property Taxes
1%
$11
Home Insurance
6%
$136
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232