This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $95,700 initial cash invested.
-7.56%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$3,100
Rent
-$603
Cashflow
Cash Flow
$3,100 income − $3,703 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,100
Total Expenses
$3,703
Mortgage P&I
66%
$2,044
Property Taxes
15%
$475
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341