This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $96,225 initial cash invested.
-4.73%
Cash On Cash
5.78%
Cap Rate
0.87
DSCR
$2,952
Rent
-$379
Cashflow
Cash Flow
$2,952 income − $3,331 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,952
Total Expenses
$3,331
Mortgage P&I
70%
$2,054
Property Taxes
5%
$143
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325