This property looks like a bad Mid-Term investment with a projected -11.42% first-year return on $95,698 initial cash invested.
-11.42%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$1,920
Rent
-$911
Cashflow
Cash Flow
$1,920 income − $2,831 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,698
Downpayment
20%
$73,998
Closing costs
1%
$3,700
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,920
Total Expenses
$2,831
Mortgage P&I
106%
$2,034
Property Taxes
1%
$14
Home Insurance
7%
$130
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211