This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $94,629 initial cash invested.
-7.6%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$2,796
Rent
-$599
Cashflow
Cash Flow
$2,796 income − $3,395 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$3,395
Mortgage P&I
71%
$1,981
Property Taxes
12%
$334
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308