This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $96,372 initial cash invested.
-5.29%
Cash On Cash
5.19%
Cap Rate
0.83
DSCR
$2,649
Rent
-$425
Cashflow
Cash Flow
$2,649 income − $3,074 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,372
Downpayment
20%
$74,640
Closing costs
1%
$3,732
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$3,074
Mortgage P&I
73%
$1,932
Property Taxes
4%
$107
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291