This property looks like a bad Mid-Term investment with a projected -10.52% first-year return on $95,910 initial cash invested.
-10.52%
Cash On Cash
3.76%
Cap Rate
0.6
DSCR
$1,994
Rent
-$841
Cashflow
Cash Flow
$1,994 income − $2,835 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,910
Downpayment
20%
$74,200
Closing costs
1%
$3,710
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,994
Total Expenses
$2,835
Mortgage P&I
97%
$1,925
Property Taxes
5%
$102
Home Insurance
7%
$130
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219