This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $96,540 initial cash invested.
-1.93%
Cash On Cash
6.51%
Cap Rate
0.99
DSCR
$3,550
Rent
-$155
Cashflow
Cash Flow
$3,550 income − $3,705 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,540
Downpayment
20%
$74,800
Closing costs
1%
$3,740
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,550
Total Expenses
$3,705
Mortgage P&I
57%
$2,041
Property Taxes
9%
$327
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$426
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390