This property looks like a bad Mid-Term investment with a projected -14.53% first-year return on $97,128 initial cash invested.
-14.53%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$2,476
Rent
-$1,176
Cashflow
Cash Flow
$2,476 income − $3,652 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$377k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,128
Downpayment
20%
$75,360
Closing costs
1%
$3,768
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$3,652
Mortgage P&I
84%
$2,070
Property Taxes
23%
$580
Home Insurance
7%
$161
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272