This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $95,931 initial cash invested.
-0.24%
Cash On Cash
6.56%
Cap Rate
1.08
DSCR
$4,044
Rent
-$19
Cashflow
Cash Flow
$4,044 income − $4,063 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,044
Total Expenses
$4,063
Mortgage P&I
47%
$1,887
Property Taxes
17%
$673
Home Insurance
3%
$128
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445