This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $95,679 initial cash invested.
-2.53%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$3,174
Rent
-$202
Cashflow
Cash Flow
$3,174 income − $3,376 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,174
Total Expenses
$3,376
Mortgage P&I
60%
$1,900
Property Taxes
7%
$219
Home Insurance
4%
$130
HOA
2%
$48
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349