This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $95,637 initial cash invested.
-6.45%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$3,489
Rent
-$514
Cashflow
Cash Flow
$3,489 income − $4,003 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,637
Downpayment
20%
$73,940
Closing costs
1%
$3,697
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$4,003
Mortgage P&I
59%
$2,068
Property Taxes
18%
$616
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384