This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $96,288 initial cash invested.
-6.97%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$2,960
Rent
-$559
Cashflow
Cash Flow
$2,960 income − $3,519 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,288
Downpayment
20%
$74,560
Closing costs
1%
$3,728
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$3,519
Mortgage P&I
68%
$2,009
Property Taxes
12%
$347
Home Insurance
4%
$131
HOA
1%
$26
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326