This property looks like a bad Mid-Term investment with a projected -0.36% first-year return on $96,960 initial cash invested.
-0.36%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$3,382
Rent
-$29
Cashflow
Cash Flow
$3,382 income − $3,411 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,382
Total Expenses
$3,411
Mortgage P&I
61%
$2,056
Property Taxes
2%
$51
Home Insurance
4%
$132
HOA
1%
$23
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372