This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $95,490 initial cash invested.
-3.12%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$2,920
Rent
-$248
Cashflow
Cash Flow
$2,920 income − $3,168 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$3,168
Mortgage P&I
68%
$1,982
Property Taxes
1%
$43
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321