This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $97,590 initial cash invested.
-3.76%
Cash On Cash
5.96%
Cap Rate
0.92
DSCR
$3,342
Rent
-$306
Cashflow
Cash Flow
$3,342 income − $3,648 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,342
Total Expenses
$3,648
Mortgage P&I
61%
$2,053
Property Taxes
10%
$325
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368