This property looks like a bad Mid-Term investment with a projected -6.54% first-year return on $96,939 initial cash invested.
-6.54%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$3,837
Rent
-$528
Cashflow
Cash Flow
$3,837 income − $4,365 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,939
Downpayment
20%
$75,180
Closing costs
1%
$3,759
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,837
Total Expenses
$4,365
Mortgage P&I
54%
$2,061
Property Taxes
17%
$659
Home Insurance
4%
$140
HOA
5%
$202
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422