This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $95,679 initial cash invested.
-7.59%
Cash On Cash
4.78%
Cap Rate
0.75
DSCR
$2,780
Rent
-$605
Cashflow
Cash Flow
$2,780 income − $3,385 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,780
Total Expenses
$3,385
Mortgage P&I
71%
$1,968
Property Taxes
12%
$342
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306