This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $94,650 initial cash invested.
-10.81%
Cash On Cash
3.76%
Cap Rate
0.6
DSCR
$2,330
Rent
-$853
Cashflow
Cash Flow
$2,330 income − $3,183 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,330
Total Expenses
$3,183
Mortgage P&I
82%
$1,904
Property Taxes
15%
$359
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256