This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $95,175 initial cash invested.
-0.59%
Cash On Cash
6.87%
Cap Rate
1.06
DSCR
$3,932
Rent
-$47
Cashflow
Cash Flow
$3,932 income − $3,979 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,932
Total Expenses
$3,979
Mortgage P&I
51%
$1,994
Property Taxes
13%
$517
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433