This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $95,679 initial cash invested.
-1.64%
Cash On Cash
6.2%
Cap Rate
1
DSCR
$3,106
Rent
-$131
Cashflow
Cash Flow
$3,106 income − $3,237 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,106
Total Expenses
$3,237
Mortgage P&I
62%
$1,919
Property Taxes
4%
$129
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342