This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $96,330 initial cash invested.
-3.54%
Cash On Cash
5.67%
Cap Rate
0.91
DSCR
$2,742
Rent
-$284
Cashflow
Cash Flow
$2,742 income − $3,026 expenses = $284 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
$2,742
Total Expenses
$3,026
Mortgage P&I
71%
$1,937
Property Taxes
1%
$25
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302