This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $96,330 initial cash invested.
-5.57%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$3,776
Rent
-$447
Cashflow
Cash Flow
$3,776 income − $4,223 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,330
Downpayment
20%
$74,600
Closing costs
1%
$3,730
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,776
Total Expenses
$4,223
Mortgage P&I
53%
$2,007
Property Taxes
14%
$547
Home Insurance
4%
$152
HOA
6%
$234
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415