This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $96,225 initial cash invested.
-0.25%
Cash On Cash
6.91%
Cap Rate
1.06
DSCR
$3,477
Rent
-$20
Cashflow
Cash Flow
$3,477 income − $3,497 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,225
Downpayment
20%
$74,500
Closing costs
1%
$3,725
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,477
Total Expenses
$3,497
Mortgage P&I
58%
$2,025
Property Taxes
4%
$141
Home Insurance
4%
$136
HOA
0%
$14
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382