This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $95,931 initial cash invested.
-4.69%
Cash On Cash
5.72%
Cap Rate
0.87
DSCR
$3,020
Rent
-$375
Cashflow
Cash Flow
$3,020 income − $3,395 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,931
Downpayment
20%
$74,220
Closing costs
1%
$3,711
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,020
Total Expenses
$3,395
Mortgage P&I
67%
$2,023
Property Taxes
7%
$214
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332