This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $97,527 initial cash invested.
-4.06%
Cash On Cash
5.74%
Cap Rate
0.9
DSCR
$3,184
Rent
-$330
Cashflow
Cash Flow
$3,184 income − $3,514 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,527
Downpayment
20%
$75,740
Closing costs
1%
$3,787
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,184
Total Expenses
$3,514
Mortgage P&I
63%
$2,015
Property Taxes
7%
$216
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350