This property looks like a bad Mid-Term investment with a projected -16.98% first-year return on $95,679 initial cash invested.
-16.98%
Cash On Cash
2.62%
Cap Rate
0.39
DSCR
$1,686
Rent
-$1,354
Cashflow
Cash Flow
$1,686 income − $3,040 expenses = $1,354 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,686
Total Expenses
$3,040
Mortgage P&I
124%
$2,094
Property Taxes
9%
$153
Home Insurance
8%
$130
HOA
5%
$91
Property Management
12%
$202
CapEx
4%
$67
Vacancy
3%
$51
Maintenance
4%
$67
Other
11%
$185