This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $95,700 initial cash invested.
-3.36%
Cash On Cash
5.97%
Cap Rate
0.93
DSCR
$3,310
Rent
-$268
Cashflow
Cash Flow
$3,310 income − $3,578 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,700
Downpayment
20%
$74,000
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,310
Total Expenses
$3,578
Mortgage P&I
60%
$1,976
Property Taxes
11%
$348
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364