This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $94,650 initial cash invested.
-8.96%
Cash On Cash
4.42%
Cap Rate
0.69
DSCR
$2,266
Rent
-$707
Cashflow
Cash Flow
$2,266 income − $2,973 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,266
Total Expenses
$2,973
Mortgage P&I
87%
$1,960
Property Taxes
5%
$114
Home Insurance
6%
$128
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249