This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $96,897 initial cash invested.
-3.6%
Cash On Cash
6.23%
Cap Rate
0.92
DSCR
$3,237
Rent
-$291
Cashflow
Cash Flow
$3,237 income − $3,528 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,897
Downpayment
20%
$75,140
Closing costs
1%
$3,757
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,237
Total Expenses
$3,528
Mortgage P&I
65%
$2,114
Property Taxes
6%
$179
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356