This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $96,582 initial cash invested.
-5.27%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$3,096
Rent
-$424
Cashflow
Cash Flow
$3,096 income − $3,520 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,582
Downpayment
20%
$74,840
Closing costs
1%
$3,742
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$3,520
Mortgage P&I
67%
$2,077
Property Taxes
8%
$246
Home Insurance
4%
$133
HOA
0%
$10
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341