This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $96,120 initial cash invested.
-4.86%
Cash On Cash
5.87%
Cap Rate
0.88
DSCR
$3,642
Rent
-$389
Cashflow
Cash Flow
$3,642 income − $4,031 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$4,031
Mortgage P&I
57%
$2,064
Property Taxes
16%
$597
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401