This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $95,700 initial cash invested.
-3.69%
Cash On Cash
6.02%
Cap Rate
0.91
DSCR
$3,027
Rent
-$294
Cashflow
Cash Flow
$3,027 income − $3,321 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,027
Total Expenses
$3,321
Mortgage P&I
67%
$2,028
Property Taxes
4%
$126
Home Insurance
4%
$130
HOA
0%
$8
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333