This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $95,532 initial cash invested.
-10.15%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,844
Rent
-$808
Cashflow
Cash Flow
$2,844 income − $3,652 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,532
Downpayment
20%
$73,840
Closing costs
1%
$3,692
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,844
Total Expenses
$3,652
Mortgage P&I
72%
$2,040
Property Taxes
12%
$337
Home Insurance
5%
$135
HOA
6%
$173
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313