This property looks like a bad Mid-Term investment with a projected -7% first-year return on $97,002 initial cash invested.
-7%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$3,098
Rent
-$566
Cashflow
Cash Flow
$3,098 income − $3,664 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$376k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,002
Downpayment
20%
$75,240
Closing costs
1%
$3,762
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,664
Mortgage P&I
65%
$2,023
Property Taxes
12%
$382
Home Insurance
7%
$205
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341