This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $97,506 initial cash invested.
-5.02%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$3,118
Rent
-$408
Cashflow
Cash Flow
$3,118 income − $3,526 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$3,526
Mortgage P&I
68%
$2,111
Property Taxes
8%
$249
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343