This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $95,175 initial cash invested.
-2.16%
Cash On Cash
6.37%
Cap Rate
0.98
DSCR
$3,192
Rent
-$171
Cashflow
Cash Flow
$3,192 income − $3,363 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,192
Total Expenses
$3,363
Mortgage P&I
63%
$1,995
Property Taxes
5%
$152
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351