This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $96,477 initial cash invested.
-4.08%
Cash On Cash
5.49%
Cap Rate
0.89
DSCR
$2,830
Rent
-$328
Cashflow
Cash Flow
$2,830 income − $3,158 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,477
Downpayment
20%
$74,740
Closing costs
1%
$3,737
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,158
Mortgage P&I
68%
$1,926
Property Taxes
5%
$137
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311