This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $95,700 initial cash invested.
-0.7%
Cash On Cash
6.71%
Cap Rate
1.05
DSCR
$3,783
Rent
-$56
Cashflow
Cash Flow
$3,783 income − $3,839 expenses = $56 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
$3,783
Total Expenses
$3,839
Mortgage P&I
52%
$1,973
Property Taxes
12%
$448
Home Insurance
3%
$131
HOA
0%
$2
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416