This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $97,674 initial cash invested.
-5.8%
Cash On Cash
5.02%
Cap Rate
0.81
DSCR
$2,766
Rent
-$472
Cashflow
Cash Flow
$2,766 income − $3,238 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,766
Total Expenses
$3,238
Mortgage P&I
70%
$1,948
Property Taxes
8%
$211
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304