This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $96,351 initial cash invested.
-8.48%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$3,196
Rent
-$681
Cashflow
Cash Flow
$3,196 income − $3,877 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,351
Downpayment
20%
$74,620
Closing costs
1%
$3,731
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$3,877
Mortgage P&I
65%
$2,087
Property Taxes
18%
$560
Home Insurance
4%
$133
HOA
0%
$9
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352