This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $96,309 initial cash invested.
-1.47%
Cash On Cash
6.78%
Cap Rate
1.02
DSCR
$4,126
Rent
-$118
Cashflow
Cash Flow
$4,126 income − $4,244 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,126
Total Expenses
$4,244
Mortgage P&I
50%
$2,060
Property Taxes
16%
$651
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454