This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $96,519 initial cash invested.
-8.08%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$2,553
Rent
-$650
Cashflow
Cash Flow
$2,553 income − $3,203 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,519
Downpayment
20%
$74,780
Closing costs
1%
$3,739
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$3,203
Mortgage P&I
74%
$1,895
Property Taxes
6%
$151
Home Insurance
11%
$289
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281