This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $96,078 initial cash invested.
-6.21%
Cash On Cash
5.14%
Cap Rate
0.81
DSCR
$3,102
Rent
-$497
Cashflow
Cash Flow
$3,102 income − $3,599 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,102
Total Expenses
$3,599
Mortgage P&I
63%
$1,964
Property Taxes
15%
$450
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341