This property looks like a bad Mid-Term investment with a projected -6.82% first-year return on $97,590 initial cash invested.
-6.82%
Cash On Cash
5.59%
Cap Rate
0.81
DSCR
$3,603
Rent
-$555
Cashflow
Cash Flow
$3,603 income − $4,158 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,590
Downpayment
20%
$75,800
Closing costs
1%
$3,790
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,603
Total Expenses
$4,158
Mortgage P&I
60%
$2,178
Property Taxes
17%
$623
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396