This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $96,918 initial cash invested.
-6.14%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,715
Rent
-$496
Cashflow
Cash Flow
$2,715 income − $3,211 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,918
Downpayment
20%
$75,160
Closing costs
1%
$3,758
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$3,211
Mortgage P&I
76%
$2,055
Property Taxes
4%
$97
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299