This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $97,107 initial cash invested.
-3.02%
Cash On Cash
5.81%
Cap Rate
0.94
DSCR
$3,184
Rent
-$244
Cashflow
Cash Flow
$3,184 income − $3,428 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,107
Downpayment
20%
$75,340
Closing costs
1%
$3,767
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,184
Total Expenses
$3,428
Mortgage P&I
61%
$1,942
Property Taxes
8%
$266
Home Insurance
4%
$138
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350