This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $94,881 initial cash invested.
-6.08%
Cash On Cash
4.92%
Cap Rate
0.8
DSCR
$2,902
Rent
-$481
Cashflow
Cash Flow
$2,902 income − $3,383 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,881
Downpayment
20%
$73,220
Closing costs
1%
$3,661
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$3,383
Mortgage P&I
64%
$1,865
Property Taxes
14%
$402
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319