This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $96,540 initial cash invested.
-6.59%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$2,745
Rent
-$530
Cashflow
Cash Flow
$2,745 income − $3,275 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,540
Downpayment
20%
$74,800
Closing costs
1%
$3,740
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$3,275
Mortgage P&I
76%
$2,088
Property Taxes
4%
$108
Home Insurance
5%
$131
HOA
1%
$15
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302