This property looks like a bad Mid-Term investment with a projected -1% first-year return on $94,650 initial cash invested.
-1%
Cash On Cash
6.33%
Cap Rate
1.03
DSCR
$3,309
Rent
-$79
Cashflow
Cash Flow
$3,309 income − $3,388 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,309
Total Expenses
$3,388
Mortgage P&I
57%
$1,871
Property Taxes
8%
$265
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364