This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $95,847 initial cash invested.
-5.13%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$3,513
Rent
-$410
Cashflow
Cash Flow
$3,513 income − $3,923 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,847
Downpayment
20%
$74,140
Closing costs
1%
$3,707
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,513
Total Expenses
$3,923
Mortgage P&I
58%
$2,048
Property Taxes
15%
$513
Home Insurance
4%
$135
HOA
1%
$32
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$386