This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $97,170 initial cash invested.
-1.11%
Cash On Cash
6.28%
Cap Rate
1.02
DSCR
$3,136
Rent
-$90
Cashflow
Cash Flow
$3,136 income − $3,226 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,170
Downpayment
20%
$75,400
Closing costs
1%
$3,770
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,136
Total Expenses
$3,226
Mortgage P&I
62%
$1,937
Property Taxes
3%
$91
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345