This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $96,519 initial cash invested.
-7.68%
Cash On Cash
4.69%
Cap Rate
0.74
DSCR
$2,763
Rent
-$618
Cashflow
Cash Flow
$2,763 income − $3,381 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,763
Total Expenses
$3,381
Mortgage P&I
71%
$1,969
Property Taxes
12%
$338
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304