This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $95,763 initial cash invested.
-3.91%
Cash On Cash
5.5%
Cap Rate
0.89
DSCR
$2,775
Rent
-$312
Cashflow
Cash Flow
$2,775 income − $3,087 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,763
Downpayment
20%
$74,060
Closing costs
1%
$3,703
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,775
Total Expenses
$3,087
Mortgage P&I
68%
$1,899
Property Taxes
4%
$112
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305