This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $97,590 initial cash invested.
-7.44%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$2,522
Rent
-$605
Cashflow
Cash Flow
$2,522 income − $3,127 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,522
Total Expenses
$3,127
Mortgage P&I
82%
$2,076
Property Taxes
2%
$60
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277