This property looks like a bad Mid-Term investment with a projected -5.67% first-year return on $95,700 initial cash invested.
-5.67%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$2,906
Rent
-$452
Cashflow
Cash Flow
$2,906 income − $3,358 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,906
Total Expenses
$3,358
Mortgage P&I
70%
$2,044
Property Taxes
7%
$195
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320