This property looks like a bad Mid-Term investment with a projected -12.59% first-year return on $95,700 initial cash invested.
-12.59%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$1,692
Rent
-$1,004
Cashflow
Cash Flow
$1,692 income − $2,696 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,692
Total Expenses
$2,696
Mortgage P&I
111%
$1,881
Property Taxes
6%
$109
Home Insurance
8%
$130
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186