This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $94,839 initial cash invested.
-3.88%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$2,872
Rent
-$307
Cashflow
Cash Flow
$2,872 income − $3,179 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,872
Total Expenses
$3,179
Mortgage P&I
69%
$1,976
Property Taxes
3%
$98
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316