This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $96,456 initial cash invested.
-1.03%
Cash On Cash
6.77%
Cap Rate
1.03
DSCR
$3,693
Rent
-$83
Cashflow
Cash Flow
$3,693 income − $3,776 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,456
Downpayment
20%
$74,720
Closing costs
1%
$3,736
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,693
Total Expenses
$3,776
Mortgage P&I
55%
$2,044
Property Taxes
9%
$344
Home Insurance
4%
$132
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406