This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $95,301 initial cash invested.
-1.06%
Cash On Cash
6.69%
Cap Rate
1.03
DSCR
$3,396
Rent
-$84
Cashflow
Cash Flow
$3,396 income − $3,480 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$3,480
Mortgage P&I
59%
$2,001
Property Taxes
6%
$190
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374