This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $96,267 initial cash invested.
-3.54%
Cash On Cash
5.6%
Cap Rate
0.91
DSCR
$2,991
Rent
-$284
Cashflow
Cash Flow
$2,991 income − $3,275 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$373k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,267
Downpayment
20%
$74,540
Closing costs
1%
$3,727
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,991
Total Expenses
$3,275
Mortgage P&I
64%
$1,903
Property Taxes
7%
$221
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329