This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $95,490 initial cash invested.
-6.65%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$2,432
Rent
-$529
Cashflow
Cash Flow
$2,432 income − $2,961 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,432
Total Expenses
$2,961
Mortgage P&I
77%
$1,876
Property Taxes
5%
$129
Home Insurance
5%
$129
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268