This property looks like a bad Mid-Term investment with a projected -5.03% first-year return on $97,380 initial cash invested.
-5.03%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$3,006
Rent
-$408
Cashflow
Cash Flow
$3,006 income − $3,414 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$378k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,380
Downpayment
20%
$75,600
Closing costs
1%
$3,780
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,006
Total Expenses
$3,414
Mortgage P&I
64%
$1,928
Property Taxes
11%
$330
Home Insurance
4%
$134
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331