This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $95,679 initial cash invested.
-8.47%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$2,542
Rent
-$675
Cashflow
Cash Flow
$2,542 income − $3,217 expenses = $675 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
$2,542
Total Expenses
$3,217
Mortgage P&I
77%
$1,960
Property Taxes
10%
$262
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280