This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $96,855 initial cash invested.
-9.69%
Cash On Cash
3.96%
Cap Rate
0.65
DSCR
$2,662
Rent
-$782
Cashflow
Cash Flow
$2,662 income − $3,444 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,855
Downpayment
20%
$75,100
Closing costs
1%
$3,755
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$3,444
Mortgage P&I
72%
$1,915
Property Taxes
19%
$494
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293