This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $94,650 initial cash invested.
-0.48%
Cash On Cash
6.98%
Cap Rate
1.05
DSCR
$3,564
Rent
-$38
Cashflow
Cash Flow
$3,564 income − $3,602 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,564
Total Expenses
$3,602
Mortgage P&I
57%
$2,017
Property Taxes
7%
$234
Home Insurance
4%
$128
HOA
0%
$10
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392