This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $94,650 initial cash invested.
-2.94%
Cash On Cash
6.16%
Cap Rate
0.95
DSCR
$3,124
Rent
-$232
Cashflow
Cash Flow
$3,124 income − $3,356 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,124
Total Expenses
$3,356
Mortgage P&I
63%
$1,981
Property Taxes
6%
$184
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344