This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $96,330 initial cash invested.
-2.91%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$3,676
Rent
-$234
Cashflow
Cash Flow
$3,676 income − $3,910 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$3,910
Mortgage P&I
55%
$2,032
Property Taxes
13%
$496
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404