This property looks like a bad Mid-Term investment with a projected -3.42% first-year return on $95,700 initial cash invested.
-3.42%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$3,482
Rent
-$273
Cashflow
Cash Flow
$3,482 income − $3,755 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,482
Total Expenses
$3,755
Mortgage P&I
58%
$2,027
Property Taxes
12%
$415
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383