This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $96,120 initial cash invested.
-0.47%
Cash On Cash
6.65%
Cap Rate
1.05
DSCR
$3,408
Rent
-$38
Cashflow
Cash Flow
$3,408 income − $3,446 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,408
Total Expenses
$3,446
Mortgage P&I
58%
$1,964
Property Taxes
6%
$188
Home Insurance
4%
$130
HOA
0%
$6
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375