This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $96,183 initial cash invested.
-6.16%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$3,404
Rent
-$494
Cashflow
Cash Flow
$3,404 income − $3,898 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,183
Downpayment
20%
$74,460
Closing costs
1%
$3,723
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,404
Total Expenses
$3,898
Mortgage P&I
60%
$2,037
Property Taxes
17%
$586
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374