This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $94,650 initial cash invested.
-6.49%
Cash On Cash
4.81%
Cap Rate
0.78
DSCR
$2,409
Rent
-$512
Cashflow
Cash Flow
$2,409 income − $2,921 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$2,921
Mortgage P&I
78%
$1,878
Property Taxes
3%
$72
Home Insurance
5%
$128
HOA
1%
$25
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265