This property looks like a bad Mid-Term investment with a projected -12.91% first-year return on $97,527 initial cash invested.
-12.91%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$2,181
Rent
-$1,049
Cashflow
Cash Flow
$2,181 income − $3,230 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,527
Downpayment
20%
$75,740
Closing costs
1%
$3,787
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,181
Total Expenses
$3,230
Mortgage P&I
97%
$2,109
Property Taxes
11%
$240
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240