This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $95,658 initial cash invested.
-0.64%
Cash On Cash
6.73%
Cap Rate
1.05
DSCR
$3,662
Rent
-$51
Cashflow
Cash Flow
$3,662 income − $3,713 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$370k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,658
Downpayment
20%
$73,960
Closing costs
1%
$3,698
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,662
Total Expenses
$3,713
Mortgage P&I
54%
$1,980
Property Taxes
10%
$358
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403