This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $95,994 initial cash invested.
-3.51%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$3,454
Rent
-$281
Cashflow
Cash Flow
$3,454 income − $3,735 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,994
Downpayment
20%
$74,280
Closing costs
1%
$3,714
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$3,735
Mortgage P&I
60%
$2,060
Property Taxes
10%
$361
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380