This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $97,149 initial cash invested.
-4.1%
Cash On Cash
5.93%
Cap Rate
0.91
DSCR
$3,510
Rent
-$332
Cashflow
Cash Flow
$3,510 income − $3,842 expenses = $332 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,149
Downpayment
20%
$75,380
Closing costs
1%
$3,769
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,510
Total Expenses
$3,842
Mortgage P&I
58%
$2,053
Property Taxes
13%
$469
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386