This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $94,902 initial cash invested.
-4.94%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$3,130
Rent
-$391
Cashflow
Cash Flow
$3,130 income − $3,521 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,902
Downpayment
20%
$73,240
Closing costs
1%
$3,662
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,130
Total Expenses
$3,521
Mortgage P&I
64%
$1,995
Property Taxes
11%
$345
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344