This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $95,070 initial cash invested.
-4.38%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$3,069
Rent
-$347
Cashflow
Cash Flow
$3,069 income − $3,416 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,070
Downpayment
20%
$73,400
Closing costs
1%
$3,670
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$3,416
Mortgage P&I
66%
$2,027
Property Taxes
7%
$211
Home Insurance
4%
$131
HOA
0%
$3
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338