This property looks like a bad Mid-Term investment with a projected -15.51% first-year return on $97,086 initial cash invested.
-15.51%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,204
Rent
-$1,255
Cashflow
Cash Flow
$2,204 income − $3,459 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,086
Downpayment
20%
$75,320
Closing costs
1%
$3,766
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,204
Total Expenses
$3,459
Mortgage P&I
94%
$2,076
Property Taxes
22%
$495
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242