This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $97,149 initial cash invested.
-5.56%
Cash On Cash
5.34%
Cap Rate
0.84
DSCR
$3,290
Rent
-$450
Cashflow
Cash Flow
$3,290 income − $3,740 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,290
Total Expenses
$3,740
Mortgage P&I
61%
$1,994
Property Taxes
15%
$491
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362