This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $95,700 initial cash invested.
-0.68%
Cash On Cash
6.76%
Cap Rate
1.05
DSCR
$3,972
Rent
-$54
Cashflow
Cash Flow
$3,972 income − $4,026 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,972
Total Expenses
$4,026
Mortgage P&I
50%
$1,980
Property Taxes
15%
$579
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437