This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $95,490 initial cash invested.
-7.6%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$2,482
Rent
-$605
Cashflow
Cash Flow
$2,482 income − $3,087 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,482
Total Expenses
$3,087
Mortgage P&I
77%
$1,918
Property Taxes
6%
$155
Home Insurance
5%
$129
HOA
2%
$42
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273