This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $95,994 initial cash invested.
-1.13%
Cash On Cash
6.57%
Cap Rate
1.02
DSCR
$3,304
Rent
-$90
Cashflow
Cash Flow
$3,304 income − $3,394 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,304
Total Expenses
$3,394
Mortgage P&I
60%
$1,992
Property Taxes
4%
$142
Home Insurance
4%
$131
HOA
0%
$7
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363