This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $95,301 initial cash invested.
-4.6%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$4,110
Rent
-$365
Cashflow
Cash Flow
$4,110 income − $4,475 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,110
Total Expenses
$4,475
Mortgage P&I
50%
$2,045
Property Taxes
22%
$904
Home Insurance
3%
$130
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452