This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $96,078 initial cash invested.
-1.52%
Cash On Cash
6.77%
Cap Rate
1.01
DSCR
$3,348
Rent
-$122
Cashflow
Cash Flow
$3,348 income − $3,470 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,078
Downpayment
20%
$74,360
Closing costs
1%
$3,718
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$3,470
Mortgage P&I
62%
$2,087
Property Taxes
3%
$114
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368