This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $95,889 initial cash invested.
-5.76%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$3,022
Rent
-$460
Cashflow
Cash Flow
$3,022 income − $3,482 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,889
Downpayment
20%
$74,180
Closing costs
1%
$3,709
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$3,482
Mortgage P&I
67%
$2,029
Property Taxes
10%
$303
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332