This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $96,015 initial cash invested.
-9.14%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$2,366
Rent
-$731
Cashflow
Cash Flow
$2,366 income − $3,097 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,015
Downpayment
20%
$74,300
Closing costs
1%
$3,715
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,366
Total Expenses
$3,097
Mortgage P&I
86%
$2,027
Property Taxes
8%
$183
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260