This property looks like a bad Mid-Term investment with a projected -4.64% first-year return on $95,679 initial cash invested.
-4.64%
Cash On Cash
5.27%
Cap Rate
0.86
DSCR
$2,715
Rent
-$370
Cashflow
Cash Flow
$2,715 income − $3,085 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,715
Total Expenses
$3,085
Mortgage P&I
69%
$1,885
Property Taxes
5%
$146
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299