This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $94,839 initial cash invested.
-7.64%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$2,602
Rent
-$604
Cashflow
Cash Flow
$2,602 income − $3,206 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,839
Downpayment
20%
$73,180
Closing costs
1%
$3,659
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$3,206
Mortgage P&I
78%
$2,038
Property Taxes
6%
$153
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286