This property looks like a bad Mid-Term investment with a projected -12.37% first-year return on $95,490 initial cash invested.
-12.37%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$2,238
Rent
-$984
Cashflow
Cash Flow
$2,238 income − $3,222 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,238
Total Expenses
$3,222
Mortgage P&I
89%
$1,990
Property Taxes
15%
$341
Home Insurance
6%
$129
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$246