This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $97,485 initial cash invested.
-1.16%
Cash On Cash
6.33%
Cap Rate
1.02
DSCR
$3,400
Rent
-$94
Cashflow
Cash Flow
$3,400 income − $3,494 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,400
Total Expenses
$3,494
Mortgage P&I
57%
$1,954
Property Taxes
7%
$244
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374