This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $95,679 initial cash invested.
-7.51%
Cash On Cash
4.66%
Cap Rate
0.74
DSCR
$2,546
Rent
-$599
Cashflow
Cash Flow
$2,546 income − $3,145 expenses = $599 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
$2,546
Total Expenses
$3,145
Mortgage P&I
76%
$1,934
Property Taxes
8%
$215
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280