This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $95,700 initial cash invested.
-4.97%
Cash On Cash
5.29%
Cap Rate
0.86
DSCR
$3,006
Rent
-$396
Cashflow
Cash Flow
$3,006 income − $3,402 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,006
Total Expenses
$3,402
Mortgage P&I
63%
$1,907
Property Taxes
11%
$343
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331