This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $95,049 initial cash invested.
-4.53%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$3,171
Rent
-$359
Cashflow
Cash Flow
$3,171 income − $3,530 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,049
Downpayment
20%
$73,380
Closing costs
1%
$3,669
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,171
Total Expenses
$3,530
Mortgage P&I
64%
$2,027
Property Taxes
8%
$259
Home Insurance
4%
$130
HOA
1%
$35
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349