This property looks like a bad Mid-Term investment with a projected -8.52% first-year return on $97,632 initial cash invested.
-8.52%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,421
Rent
-$693
Cashflow
Cash Flow
$2,421 income − $3,114 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,632
Downpayment
20%
$75,840
Closing costs
1%
$3,792
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,421
Total Expenses
$3,114
Mortgage P&I
85%
$2,067
Property Taxes
3%
$83
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266