This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $96,267 initial cash invested.
-5.92%
Cash On Cash
5.18%
Cap Rate
0.81
DSCR
$2,700
Rent
-$475
Cashflow
Cash Flow
$2,700 income − $3,175 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,700
Total Expenses
$3,175
Mortgage P&I
73%
$1,976
Property Taxes
5%
$145
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297