This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $95,679 initial cash invested.
-9.62%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$2,238
Rent
-$767
Cashflow
Cash Flow
$2,238 income − $3,005 expenses = $767 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
$2,238
Total Expenses
$3,005
Mortgage P&I
90%
$2,019
Property Taxes
4%
$94
Home Insurance
6%
$130
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$246