This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $96,456 initial cash invested.
-8.51%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,400
Rent
-$684
Cashflow
Cash Flow
$2,400 income − $3,084 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$374k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,456
Downpayment
20%
$74,720
Closing costs
1%
$3,736
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$3,084
Mortgage P&I
85%
$2,039
Property Taxes
4%
$96
Home Insurance
6%
$133
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264