This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $97,590 initial cash invested.
-7.8%
Cash On Cash
4.62%
Cap Rate
0.74
DSCR
$2,724
Rent
-$634
Cashflow
Cash Flow
$2,724 income − $3,358 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$379k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,724
Total Expenses
$3,358
Mortgage P&I
73%
$1,985
Property Taxes
10%
$273
Home Insurance
5%
$140
HOA
1%
$33
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300