This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $97,611 initial cash invested.
-3.63%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$3,144
Rent
-$295
Cashflow
Cash Flow
$3,144 income − $3,439 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,611
Downpayment
20%
$75,820
Closing costs
1%
$3,791
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,144
Total Expenses
$3,439
Mortgage P&I
66%
$2,062
Property Taxes
5%
$172
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346