This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $97,590 initial cash invested.
-4.65%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$3,399
Rent
-$378
Cashflow
Cash Flow
$3,399 income − $3,777 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,399
Total Expenses
$3,777
Mortgage P&I
60%
$2,037
Property Taxes
10%
$344
Home Insurance
4%
$131
HOA
3%
$109
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374