This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $95,700 initial cash invested.
-4.7%
Cash On Cash
5.4%
Cap Rate
0.86
DSCR
$2,756
Rent
-$375
Cashflow
Cash Flow
$2,756 income − $3,131 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,756
Total Expenses
$3,131
Mortgage P&I
70%
$1,929
Property Taxes
5%
$135
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303