This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $97,044 initial cash invested.
-3.17%
Cash On Cash
5.74%
Cap Rate
0.93
DSCR
$3,076
Rent
-$256
Cashflow
Cash Flow
$3,076 income − $3,332 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,044
Downpayment
20%
$75,280
Closing costs
1%
$3,764
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,076
Total Expenses
$3,332
Mortgage P&I
63%
$1,934
Property Taxes
7%
$218
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338