This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $94,545 initial cash invested.
-4.67%
Cash On Cash
5.63%
Cap Rate
0.89
DSCR
$3,662
Rent
-$368
Cashflow
Cash Flow
$3,662 income − $4,030 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,545
Downpayment
20%
$72,900
Closing costs
1%
$3,645
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,662
Total Expenses
$4,030
Mortgage P&I
53%
$1,931
Property Taxes
20%
$715
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403