This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $95,679 initial cash invested.
-4.57%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$3,699
Rent
-$364
Cashflow
Cash Flow
$3,699 income − $4,063 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,699
Total Expenses
$4,063
Mortgage P&I
56%
$2,069
Property Taxes
16%
$606
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407