This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $97,044 initial cash invested.
-3.96%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$3,321
Rent
-$320
Cashflow
Cash Flow
$3,321 income − $3,641 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,044
Downpayment
20%
$75,280
Closing costs
1%
$3,764
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,321
Total Expenses
$3,641
Mortgage P&I
61%
$2,037
Property Taxes
10%
$341
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365