This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $97,590 initial cash invested.
-8.6%
Cash On Cash
4.38%
Cap Rate
0.7
DSCR
$2,931
Rent
-$699
Cashflow
Cash Flow
$2,931 income − $3,630 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,931
Total Expenses
$3,630
Mortgage P&I
67%
$1,964
Property Taxes
18%
$537
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322