This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $97,485 initial cash invested.
-5.56%
Cash On Cash
5.29%
Cap Rate
0.84
DSCR
$3,093
Rent
-$452
Cashflow
Cash Flow
$3,093 income − $3,545 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,485
Downpayment
20%
$75,700
Closing costs
1%
$3,785
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,093
Total Expenses
$3,545
Mortgage P&I
65%
$1,997
Property Taxes
12%
$381
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340