This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $95,175 initial cash invested.
-3.24%
Cash On Cash
6.21%
Cap Rate
0.94
DSCR
$3,196
Rent
-$257
Cashflow
Cash Flow
$3,196 income − $3,453 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,196
Total Expenses
$3,453
Mortgage P&I
64%
$2,030
Property Taxes
6%
$189
Home Insurance
4%
$131
HOA
0%
$15
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352