This property looks like a bad Mid-Term investment with a projected -6.56% first-year return on $94,776 initial cash invested.
-6.56%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$2,448
Rent
-$518
Cashflow
Cash Flow
$2,448 income − $2,966 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,776
Downpayment
20%
$73,120
Closing costs
1%
$3,656
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,966
Mortgage P&I
78%
$1,921
Property Taxes
3%
$83
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269