This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $95,217 initial cash invested.
-2.31%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$3,150
Rent
-$183
Cashflow
Cash Flow
$3,150 income − $3,333 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,217
Downpayment
20%
$73,540
Closing costs
1%
$3,677
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,333
Mortgage P&I
63%
$1,993
Property Taxes
4%
$139
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346