This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $96,981 initial cash invested.
-3.79%
Cash On Cash
5.78%
Cap Rate
0.92
DSCR
$3,819
Rent
-$306
Cashflow
Cash Flow
$3,819 income − $4,125 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,981
Downpayment
20%
$75,220
Closing costs
1%
$3,761
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,819
Total Expenses
$4,125
Mortgage P&I
51%
$1,966
Property Taxes
19%
$727
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420