This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $95,616 initial cash invested.
-1.07%
Cash On Cash
6.65%
Cap Rate
1.05
DSCR
$4,352
Rent
-$85
Cashflow
Cash Flow
$4,352 income − $4,437 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,616
Downpayment
20%
$73,920
Closing costs
1%
$3,696
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$4,437
Mortgage P&I
45%
$1,960
Property Taxes
20%
$864
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479