This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $97,611 initial cash invested.
-0.45%
Cash On Cash
6.73%
Cap Rate
1.05
DSCR
$3,453
Rent
-$37
Cashflow
Cash Flow
$3,453 income − $3,490 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,611
Downpayment
20%
$75,820
Closing costs
1%
$3,791
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,453
Total Expenses
$3,490
Mortgage P&I
59%
$2,025
Property Taxes
4%
$138
Home Insurance
4%
$133
HOA
1%
$20
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380