This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $96,204 initial cash invested.
-3.87%
Cash On Cash
6.13%
Cap Rate
0.92
DSCR
$3,681
Rent
-$310
Cashflow
Cash Flow
$3,681 income − $3,991 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,204
Downpayment
20%
$74,480
Closing costs
1%
$3,724
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,681
Total Expenses
$3,991
Mortgage P&I
56%
$2,064
Property Taxes
15%
$546
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405