This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $94,587 initial cash invested.
-6.27%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,732
Rent
-$494
Cashflow
Cash Flow
$2,732 income − $3,226 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,587
Downpayment
20%
$72,940
Closing costs
1%
$3,647
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,732
Total Expenses
$3,226
Mortgage P&I
73%
$2,005
Property Taxes
4%
$113
Home Insurance
5%
$133
HOA
2%
$46
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301