This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $96,435 initial cash invested.
-6.07%
Cash On Cash
5.65%
Cap Rate
0.84
DSCR
$3,530
Rent
-$488
Cashflow
Cash Flow
$3,530 income − $4,018 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,435
Downpayment
20%
$74,700
Closing costs
1%
$3,735
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$4,018
Mortgage P&I
60%
$2,105
Property Taxes
16%
$577
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388