This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $96,960 initial cash invested.
-3.12%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$3,150
Rent
-$252
Cashflow
Cash Flow
$3,150 income − $3,402 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,960
Downpayment
20%
$75,200
Closing costs
1%
$3,760
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,402
Mortgage P&I
65%
$2,060
Property Taxes
4%
$137
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346