This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $95,679 initial cash invested.
-4.95%
Cash On Cash
5.8%
Cap Rate
0.87
DSCR
$3,282
Rent
-$395
Cashflow
Cash Flow
$3,282 income − $3,677 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,282
Total Expenses
$3,677
Mortgage P&I
63%
$2,053
Property Taxes
12%
$379
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361