This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $95,931 initial cash invested.
-4.94%
Cash On Cash
5.22%
Cap Rate
0.85
DSCR
$2,966
Rent
-$395
Cashflow
Cash Flow
$2,966 income − $3,361 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,966
Total Expenses
$3,361
Mortgage P&I
64%
$1,889
Property Taxes
6%
$172
Home Insurance
4%
$131
HOA
5%
$160
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326