This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $95,679 initial cash invested.
-6.35%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$2,787
Rent
-$506
Cashflow
Cash Flow
$2,787 income − $3,293 expenses = $506 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
$2,787
Total Expenses
$3,293
Mortgage P&I
72%
$2,019
Property Taxes
7%
$197
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307