This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $97,506 initial cash invested.
-2.97%
Cash On Cash
6.46%
Cap Rate
0.95
DSCR
$3,452
Rent
-$241
Cashflow
Cash Flow
$3,452 income − $3,693 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,452
Total Expenses
$3,693
Mortgage P&I
62%
$2,141
Property Taxes
7%
$245
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380