This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $95,490 initial cash invested.
-2.55%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$3,264
Rent
-$203
Cashflow
Cash Flow
$3,264 income − $3,467 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$3,467
Mortgage P&I
61%
$1,999
Property Taxes
7%
$224
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359