This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $97,023 initial cash invested.
-2.6%
Cash On Cash
6.19%
Cap Rate
0.96
DSCR
$3,486
Rent
-$210
Cashflow
Cash Flow
$3,486 income − $3,696 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,023
Downpayment
20%
$75,260
Closing costs
1%
$3,763
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$3,696
Mortgage P&I
58%
$2,011
Property Taxes
10%
$340
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383