This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $95,742 initial cash invested.
-4.27%
Cash On Cash
5.81%
Cap Rate
0.89
DSCR
$2,952
Rent
-$341
Cashflow
Cash Flow
$2,952 income − $3,293 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,742
Downpayment
20%
$74,040
Closing costs
1%
$3,702
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,293
Mortgage P&I
68%
$2,016
Property Taxes
5%
$142
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325