This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $95,868 initial cash invested.
-8.94%
Cash On Cash
4.75%
Cap Rate
0.7
DSCR
$2,484
Rent
-$714
Cashflow
Cash Flow
$2,484 income − $3,198 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,868
Downpayment
20%
$74,160
Closing costs
1%
$3,708
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,484
Total Expenses
$3,198
Mortgage P&I
84%
$2,084
Property Taxes
5%
$135
Home Insurance
5%
$135
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$273