This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $96,183 initial cash invested.
-5.33%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$2,967
Rent
-$427
Cashflow
Cash Flow
$2,967 income − $3,394 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,967
Total Expenses
$3,394
Mortgage P&I
64%
$1,903
Property Taxes
12%
$351
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326