This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $97,464 initial cash invested.
-1.11%
Cash On Cash
6.77%
Cap Rate
1.02
DSCR
$3,416
Rent
-$90
Cashflow
Cash Flow
$3,416 income − $3,506 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,464
Downpayment
20%
$75,680
Closing costs
1%
$3,784
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,416
Total Expenses
$3,506
Mortgage P&I
61%
$2,088
Property Taxes
4%
$121
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376