This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $96,624 initial cash invested.
-5.44%
Cash On Cash
5.01%
Cap Rate
0.83
DSCR
$2,890
Rent
-$438
Cashflow
Cash Flow
$2,890 income − $3,328 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,624
Downpayment
20%
$74,880
Closing costs
1%
$3,744
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$3,328
Mortgage P&I
65%
$1,884
Property Taxes
11%
$327
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318