This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $97,506 initial cash invested.
-5.07%
Cash On Cash
5.57%
Cap Rate
0.86
DSCR
$3,224
Rent
-$412
Cashflow
Cash Flow
$3,224 income − $3,636 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,506
Downpayment
20%
$75,720
Closing costs
1%
$3,786
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,224
Total Expenses
$3,636
Mortgage P&I
63%
$2,041
Property Taxes
11%
$363
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355