This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $95,679 initial cash invested.
-16.25%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$1,462
Rent
-$1,296
Cashflow
Cash Flow
$1,462 income − $2,758 expenses = $1,296 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
$1,462
Total Expenses
$2,758
Mortgage P&I
131%
$1,921
Property Taxes
14%
$211
Home Insurance
9%
$130
HOA
0%
$0
Property Management
12%
$175
CapEx
4%
$58
Vacancy
3%
$44
Maintenance
4%
$58
Other
11%
$161