This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $96,876 initial cash invested.
-1.14%
Cash On Cash
6.69%
Cap Rate
1.02
DSCR
$3,502
Rent
-$92
Cashflow
Cash Flow
$3,502 income − $3,594 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,876
Downpayment
20%
$75,120
Closing costs
1%
$3,756
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,502
Total Expenses
$3,594
Mortgage P&I
58%
$2,045
Property Taxes
6%
$226
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385