This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $94,650 initial cash invested.
-9.62%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$2,751
Rent
-$759
Cashflow
Cash Flow
$2,751 income − $3,510 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,751
Total Expenses
$3,510
Mortgage P&I
73%
$2,006
Property Taxes
16%
$440
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303