This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $96,582 initial cash invested.
-4.2%
Cash On Cash
5.68%
Cap Rate
0.9
DSCR
$3,489
Rent
-$338
Cashflow
Cash Flow
$3,489 income − $3,827 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$3,827
Mortgage P&I
56%
$1,969
Property Taxes
15%
$537
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384