This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $96,120 initial cash invested.
-4.19%
Cash On Cash
5.66%
Cap Rate
0.89
DSCR
$2,928
Rent
-$336
Cashflow
Cash Flow
$2,928 income − $3,264 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$372k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,120
Downpayment
20%
$74,400
Closing costs
1%
$3,720
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$3,264
Mortgage P&I
67%
$1,975
Property Taxes
6%
$164
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322