This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $96,036 initial cash invested.
-6.32%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$3,124
Rent
-$506
Cashflow
Cash Flow
$3,124 income − $3,630 expenses = $506 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,036
Downpayment
20%
$74,320
Closing costs
1%
$3,716
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,124
Total Expenses
$3,630
Mortgage P&I
65%
$2,040
Property Taxes
14%
$422
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344