This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $95,889 initial cash invested.
-6.38%
Cash On Cash
5.44%
Cap Rate
0.81
DSCR
$3,084
Rent
-$510
Cashflow
Cash Flow
$3,084 income − $3,594 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$371k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,889
Downpayment
20%
$74,180
Closing costs
1%
$3,709
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$3,594
Mortgage P&I
67%
$2,068
Property Taxes
11%
$343
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339