This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $96,330 initial cash invested.
-2.6%
Cash On Cash
6.03%
Cap Rate
0.97
DSCR
$3,564
Rent
-$209
Cashflow
Cash Flow
$3,564 income − $3,773 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,564
Total Expenses
$3,773
Mortgage P&I
54%
$1,941
Property Taxes
14%
$486
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392