This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $96,582 initial cash invested.
-7.34%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$3,028
Rent
-$591
Cashflow
Cash Flow
$3,028 income − $3,619 expenses = $591 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
$3,028
Total Expenses
$3,619
Mortgage P&I
68%
$2,067
Property Taxes
13%
$392
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333