This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $97,674 initial cash invested.
-2.85%
Cash On Cash
6.27%
Cap Rate
0.95
DSCR
$3,386
Rent
-$232
Cashflow
Cash Flow
$3,386 income − $3,618 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,674
Downpayment
20%
$75,880
Closing costs
1%
$3,794
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,386
Total Expenses
$3,618
Mortgage P&I
61%
$2,080
Property Taxes
8%
$255
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372