This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $96,078 initial cash invested.
-3.78%
Cash On Cash
5.76%
Cap Rate
0.9
DSCR
$2,768
Rent
-$303
Cashflow
Cash Flow
$2,768 income − $3,071 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,078
Downpayment
20%
$74,360
Closing costs
1%
$3,718
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$3,071
Mortgage P&I
71%
$1,978
Property Taxes
1%
$17
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304