This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $95,427 initial cash invested.
-2.45%
Cash On Cash
6.37%
Cap Rate
0.98
DSCR
$3,748
Rent
-$195
Cashflow
Cash Flow
$3,748 income − $3,943 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,427
Downpayment
20%
$73,740
Closing costs
1%
$3,687
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,748
Total Expenses
$3,943
Mortgage P&I
53%
$2,001
Property Taxes
14%
$533
Home Insurance
3%
$119
HOA
0%
$16
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412