This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $97,191 initial cash invested.
-1.01%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$3,429
Rent
-$82
Cashflow
Cash Flow
$3,429 income − $3,511 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,191
Downpayment
20%
$75,420
Closing costs
1%
$3,771
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,429
Total Expenses
$3,511
Mortgage P&I
61%
$2,085
Property Taxes
4%
$126
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377