This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $97,653 initial cash invested.
-0.5%
Cash On Cash
6.43%
Cap Rate
1.05
DSCR
$3,654
Rent
-$41
Cashflow
Cash Flow
$3,654 income − $3,695 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,653
Downpayment
20%
$75,860
Closing costs
1%
$3,793
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$3,695
Mortgage P&I
53%
$1,928
Property Taxes
11%
$390
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402