This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $94,986 initial cash invested.
-7.61%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$2,722
Rent
-$602
Cashflow
Cash Flow
$2,722 income − $3,324 expenses = $602 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,986
Downpayment
20%
$73,320
Closing costs
1%
$3,666
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$3,324
Mortgage P&I
69%
$1,874
Property Taxes
14%
$394
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299