This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $95,868 initial cash invested.
-7.25%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,714
Rent
-$579
Cashflow
Cash Flow
$2,714 income − $3,293 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$3,293
Mortgage P&I
75%
$2,031
Property Taxes
8%
$205
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299