This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $97,590 initial cash invested.
-4.71%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$3,842
Rent
-$383
Cashflow
Cash Flow
$3,842 income − $4,225 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,842
Total Expenses
$4,225
Mortgage P&I
54%
$2,081
Property Taxes
18%
$704
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423