This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $97,506 initial cash invested.
-4.23%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$3,484
Rent
-$344
Cashflow
Cash Flow
$3,484 income − $3,828 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,484
Total Expenses
$3,828
Mortgage P&I
59%
$2,053
Property Taxes
14%
$486
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383