This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $96,309 initial cash invested.
-2.28%
Cash On Cash
6.58%
Cap Rate
0.99
DSCR
$4,112
Rent
-$183
Cashflow
Cash Flow
$4,112 income − $4,295 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,309
Downpayment
20%
$74,580
Closing costs
1%
$3,729
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,112
Total Expenses
$4,295
Mortgage P&I
50%
$2,064
Property Taxes
17%
$697
Home Insurance
3%
$138
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452