This property looks like a bad Mid-Term investment with a projected -11% first-year return on $95,679 initial cash invested.
-11%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,190
Rent
-$877
Cashflow
Cash Flow
$2,190 income − $3,067 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,190
Total Expenses
$3,067
Mortgage P&I
92%
$2,022
Property Taxes
8%
$169
Home Insurance
6%
$130
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241