This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $94,650 initial cash invested.
-4.72%
Cash On Cash
5.72%
Cap Rate
0.87
DSCR
$3,000
Rent
-$372
Cashflow
Cash Flow
$3,000 income − $3,372 expenses = $372 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
$3,000
Total Expenses
$3,372
Mortgage P&I
66%
$1,992
Property Taxes
6%
$180
Home Insurance
4%
$128
HOA
2%
$52
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330