This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $96,519 initial cash invested.
-3.59%
Cash On Cash
6.01%
Cap Rate
0.92
DSCR
$3,261
Rent
-$289
Cashflow
Cash Flow
$3,261 income − $3,550 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,261
Total Expenses
$3,550
Mortgage P&I
62%
$2,032
Property Taxes
9%
$279
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359