This property looks like a bad Mid-Term investment with a projected -8% first-year return on $95,679 initial cash invested.
-8%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$2,830
Rent
-$638
Cashflow
Cash Flow
$2,830 income − $3,468 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$3,468
Mortgage P&I
71%
$2,014
Property Taxes
13%
$362
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311