This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $96,183 initial cash invested.
-0.24%
Cash On Cash
7.34%
Cap Rate
1.06
DSCR
$3,742
Rent
-$19
Cashflow
Cash Flow
$3,742 income − $3,761 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.8%
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
$3,742
Total Expenses
$3,761
Mortgage P&I
57%
$2,145
Property Taxes
6%
$210
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412