This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $97,590 initial cash invested.
-6.52%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,922
Rent
-$530
Cashflow
Cash Flow
$2,922 income − $3,452 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,452
Mortgage P&I
71%
$2,088
Property Taxes
8%
$237
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321