This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $96,981 initial cash invested.
-10.76%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$2,205
Rent
-$870
Cashflow
Cash Flow
$2,205 income − $3,075 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,981
Downpayment
20%
$75,220
Closing costs
1%
$3,761
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,205
Total Expenses
$3,075
Mortgage P&I
90%
$1,985
Property Taxes
10%
$210
Home Insurance
6%
$130
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243