This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $95,679 initial cash invested.
-6.15%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,820
Rent
-$490
Cashflow
Cash Flow
$2,820 income − $3,310 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,679
Downpayment
20%
$73,980
Closing costs
1%
$3,699
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$3,310
Mortgage P&I
72%
$2,020
Property Taxes
7%
$201
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310