This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $95,742 initial cash invested.
-3.2%
Cash On Cash
6.33%
Cap Rate
0.94
DSCR
$3,170
Rent
-$255
Cashflow
Cash Flow
$3,170 income − $3,425 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,742
Downpayment
20%
$74,040
Closing costs
1%
$3,702
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,170
Total Expenses
$3,425
Mortgage P&I
66%
$2,082
Property Taxes
4%
$134
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349