This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $95,616 initial cash invested.
-3.5%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$3,324
Rent
-$279
Cashflow
Cash Flow
$3,324 income − $3,603 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,616
Downpayment
20%
$73,920
Closing costs
1%
$3,696
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,324
Total Expenses
$3,603
Mortgage P&I
60%
$2,000
Property Taxes
10%
$342
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366