This property looks like a bad Mid-Term investment with a projected -3.02% first-year return on $96,099 initial cash invested.
-3.02%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$3,394
Rent
-$242
Cashflow
Cash Flow
$3,394 income − $3,636 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,099
Downpayment
20%
$74,380
Closing costs
1%
$3,719
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,394
Total Expenses
$3,636
Mortgage P&I
59%
$2,004
Property Taxes
10%
$327
Home Insurance
4%
$121
HOA
1%
$30
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373