This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $96,267 initial cash invested.
-15.33%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$2,595
Rent
-$1,230
Cashflow
Cash Flow
$2,595 income − $3,825 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$3,825
Mortgage P&I
75%
$1,950
Property Taxes
28%
$731
Home Insurance
10%
$262
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285