This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $95,700 initial cash invested.
-3.4%
Cash On Cash
5.92%
Cap Rate
0.93
DSCR
$3,370
Rent
-$271
Cashflow
Cash Flow
$3,370 income − $3,641 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,370
Total Expenses
$3,641
Mortgage P&I
58%
$1,960
Property Taxes
5%
$155
Home Insurance
4%
$130
HOA
7%
$250
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371