This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $96,519 initial cash invested.
-0.73%
Cash On Cash
6.65%
Cap Rate
1.05
DSCR
$3,892
Rent
-$59
Cashflow
Cash Flow
$3,892 income − $3,951 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$3,951
Mortgage P&I
51%
$1,976
Property Taxes
14%
$529
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428