This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $96,267 initial cash invested.
-4.08%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$3,252
Rent
-$327
Cashflow
Cash Flow
$3,252 income − $3,579 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,252
Total Expenses
$3,579
Mortgage P&I
63%
$2,053
Property Taxes
9%
$284
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358