This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $94,839 initial cash invested.
-7.01%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$2,595
Rent
-$554
Cashflow
Cash Flow
$2,595 income − $3,149 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,839
Downpayment
20%
$73,180
Closing costs
1%
$3,659
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,595
Total Expenses
$3,149
Mortgage P&I
77%
$1,999
Property Taxes
5%
$140
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285