This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $95,343 initial cash invested.
-5.08%
Cash On Cash
5.5%
Cap Rate
0.86
DSCR
$3,327
Rent
-$404
Cashflow
Cash Flow
$3,327 income − $3,731 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,343
Downpayment
20%
$73,660
Closing costs
1%
$3,683
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$3,731
Mortgage P&I
59%
$1,960
Property Taxes
15%
$509
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366