This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $96,120 initial cash invested.
-0.96%
Cash On Cash
6.34%
Cap Rate
1.02
DSCR
$3,021
Rent
-$77
Cashflow
Cash Flow
$3,021 income − $3,098 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,021
Total Expenses
$3,098
Mortgage P&I
64%
$1,920
Property Taxes
2%
$70
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332