This property looks like a bad Mid-Term investment with a projected -9.17% first-year return on $96,855 initial cash invested.
-9.17%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$3,054
Rent
-$740
Cashflow
Cash Flow
$3,054 income − $3,794 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,855
Downpayment
20%
$75,100
Closing costs
1%
$3,755
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$3,794
Mortgage P&I
68%
$2,068
Property Taxes
8%
$233
Home Insurance
4%
$135
HOA
10%
$320
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336