This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $97,569 initial cash invested.
-8.3%
Cash On Cash
4.96%
Cap Rate
0.73
DSCR
$2,754
Rent
-$675
Cashflow
Cash Flow
$2,754 income − $3,429 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,569
Downpayment
20%
$75,780
Closing costs
1%
$3,789
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,754
Total Expenses
$3,429
Mortgage P&I
77%
$2,131
Property Taxes
6%
$162
Home Insurance
5%
$133
HOA
2%
$67
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303