This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $95,784 initial cash invested.
-4.9%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$2,880
Rent
-$391
Cashflow
Cash Flow
$2,880 income − $3,271 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,784
Downpayment
20%
$74,080
Closing costs
1%
$3,704
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,880
Total Expenses
$3,271
Mortgage P&I
66%
$1,909
Property Taxes
9%
$250
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317